July 25, 2008

Indian government to talk to iron ore exporters

It is reported that, after steel producers announced to exercise self restraint on exports and demanded raw material security, centre has decided to begin dialogue with iron ore exporters to sensitize them on problems being faced by steel utilities.

Mr RS Pandey secretary steel said that "Major steel producers have shared the concern arising out of rise in steel prices. Government will begin dialogue with them to solicit their views on how to deal with the price situation. With all seriousness the difficulties being faced by the producers will be addressed."

Mr Pandey said that "We will also begin dialogue with major iron ore exporters to sensitize them on the raw material insecurity being faced by steelmakers and find out ways and means to ensure the same to enable new steel capacities to come up."

He added that based on discussion with the steel industry representatives, steps would be taken to ensure power, logistics and raw material inputs to secondary steel producers. He said "With all seriousness the difficulties being faced by the producers will be addressed.”