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Panel on iron ore pricing to submit report by the end of March: Government

Government is also likely to finalise the National Steel Policy by April

Press Trust of India  |  New Delhi 

Panel on iron ore pricing to submit report by March: Government

The on Friday said the panel on will submit its recommendations by the end of March.

The is also likely to finalise the Policy by April.



"I have formed the committee (on iron ore pricing) and I am waiting for the report," Steel Minister Chaudhary told reporters here.

The panel which is headed by Steel Additional Secretary will come out with its recommendations before the finalisation of the steel policy, he said.

Asserting that there should not be much fluctuation in the prices of iron ore, Singh said: "We also want (the iron prices) to be competitive."

When asked whether the wants to put a cap on the iron ore prices as it does not want the raw material used for steel making to be that volatile, the minister said: "...The committee would come out with the recommendations. What recommendation IT would give I don't know but the panel is on the job."

An official had in February said that the is working on a policy initiative to ensure the availability of iron ore at a cheaper price and will soon come out with details.

"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 privy to the development had earlier said.

"We are examining those and hopefully in a month or so we would be able to say that these are the recommendations," the official had said.

is the country's single-largest iron ore producer.

Singh had earlier said an expert group that will be formed by the to study sale of iron ore by which will also analyse the mining giant's ore pricing and auction.

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Panel on iron ore pricing to submit report by the end of March: Government

Government is also likely to finalise the National Steel Policy by April

Government is also likely to finalise the National Steel Policy by April The on Friday said the panel on will submit its recommendations by the end of March.

The is also likely to finalise the Policy by April.

"I have formed the committee (on iron ore pricing) and I am waiting for the report," Steel Minister Chaudhary told reporters here.

The panel which is headed by Steel Additional Secretary will come out with its recommendations before the finalisation of the steel policy, he said.

Asserting that there should not be much fluctuation in the prices of iron ore, Singh said: "We also want (the iron prices) to be competitive."

When asked whether the wants to put a cap on the iron ore prices as it does not want the raw material used for steel making to be that volatile, the minister said: "...The committee would come out with the recommendations. What recommendation IT would give I don't know but the panel is on the job."

An official had in February said that the is working on a policy initiative to ensure the availability of iron ore at a cheaper price and will soon come out with details.

"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 privy to the development had earlier said.

"We are examining those and hopefully in a month or so we would be able to say that these are the recommendations," the official had said.

is the country's single-largest iron ore producer.

Singh had earlier said an expert group that will be formed by the to study sale of iron ore by which will also analyse the mining giant's ore pricing and auction.
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Business Standard
177 22

Panel on iron ore pricing to submit report by the end of March: Government

Government is also likely to finalise the National Steel Policy by April

The on Friday said the panel on will submit its recommendations by the end of March.

The is also likely to finalise the Policy by April.

"I have formed the committee (on iron ore pricing) and I am waiting for the report," Steel Minister Chaudhary told reporters here.

The panel which is headed by Steel Additional Secretary will come out with its recommendations before the finalisation of the steel policy, he said.

Asserting that there should not be much fluctuation in the prices of iron ore, Singh said: "We also want (the iron prices) to be competitive."

When asked whether the wants to put a cap on the iron ore prices as it does not want the raw material used for steel making to be that volatile, the minister said: "...The committee would come out with the recommendations. What recommendation IT would give I don't know but the panel is on the job."

An official had in February said that the is working on a policy initiative to ensure the availability of iron ore at a cheaper price and will soon come out with details.

"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 privy to the development had earlier said.

"We are examining those and hopefully in a month or so we would be able to say that these are the recommendations," the official had said.

is the country's single-largest iron ore producer.

Singh had earlier said an expert group that will be formed by the to study sale of iron ore by which will also analyse the mining giant's ore pricing and auction.

image
Business Standard
177 22