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Karnataka steelmakers seek govt intervention on iron ore crisis

Friday, November 23, 2012

WN.com - Business News
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Karnataka steelmakers seek govt intervention on iron ore crisis
Nov 24th 2012, 07:06

Seeking immediate intervention of Steel Ministry, steel producers from Karnataka today said they may have to shut their shops due to shortage of iron ore and its higher prices. "There are 37 units which are closed. There are sponge iron units, pig iron units which are operating at less than 25 per cent capacity. Even the integrated plants are operating at 68 per cent as there is a severe shortage of iron ore," JSW Steel's Joint...
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