Steel firms expect some relief from SC's review of mining ban on Jan 20

Steel companies expect some relief from high iron ore prices
after the Supreme Court on Friday takes up for review the partial ban on mining
imposed in Karnataka.

While hearing an appeal against its partial ban of iron ore
mining in the key iron ore producing State in November, the Supreme Court
allowed State-run NMDC to mine up to one million tonne per month from its
captive mines in Karnataka to ease supply. The apex court directed the
petitioners to approach the Indian Council of Forestry Research and Education
on the issue and come back for a hearing on January 20.