Tag: India iron ore
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India: Are high premiums in iron ore auctions reckless bidding or strategic calculation?
Steel majors pay 100%+ premiums to secure iron ore supply High premiums provide cost stability, strategic advantage There is an explanation for high premiums being paid in India’s mineral auctions. They are not reckless bids – they are a logical and calculated hedge. India’s steel majors are paying over 100% premiums for merchant iron-ore mines…