Steel ministry called for restrictions on iron ore export
Mr Ram Vilas Paswan union steel minister has called for restrictions on export of high grade iron ore considering the 13% growth in demand of steel and the mismatch in terms of production which was growing barely 5.5%.
Mr Paswan said that "By the year 2020, the steel demand will be over 300 million tonnes while the projected production will be only 224 million tonnes. If we continue to indulge in reckless export of high grade iron ore, we will be forced to import iron ore after 20 years."
Mr Paswan also expressed concern over the slow progress of industrialization in Orissa. He said "Merely signing MoUs does not help. The MoUs need to be translated into industries and this should be done expeditiously
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