Nod To Market Forces 
Business India|June 19 2017

Ministries in iron ore price cap tussle 

Rakesh Joshi
Nod To Market Forces 

A serious tussle between the ministries of steel and mines has come to the fore with the latter categorically rejecting the former's proposal for capping of iron ore prices. The idea of reining in iron-ore prices stemmed from steel-makers' continuous tirade against 'arbitrary pricing' by state-run NMDC, which private miners mostly follow. Steel makers also said that their demand was aimed at stopping `Sensex-like' movement of the raw material that is detrimental to the interest of the steel producers.

This story is from the June 19 2017 edition of Business India.

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This story is from the June 19 2017 edition of Business India.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.