Policy to Ensure Cheap Iron Ore within a Month
The government is working on a policy initiative to ensure the availability of iron ore at a cheaper price and will come out with details within a month. The development comes at a time when the steel sector is reeling under the impact of high raw material costs. “What policy steps we need to take to ensure that iron ore is plentifully and cheaply available is something which we are working on and there could be various formulations to that,” an official said. “We are examining those and hopefully in a month or so we would be able to say that these are recommendations,” the official said, adding that “Niti Aayog has been mandated to examine that. They will examine that and come and give us the suggestions”.