The Centre is looking to address the issue of shortage of iron ore which is impacting the iron and steel industry. It is to be noted that iron ore supply, particularly in Eastern India has been affected as the mines which transferred hands, have not reached their full production levels. According to industry estimates, while production of iron ore production during the period April to July 2020 witnessed a de-growth of around 50 per cent as compared to last year, exports registered a sharp rise of around 63 per cent during the same period. Expressing concern at the shortage of iron ore, Pradhan said that State governments could come up with a ‘policy mechanism’ for improving the supplies and production of iron ore.
(The Hindu Business Line)