Karnataka iron ore mines stuck with 6.5 million tonnes of unsold inventory

The miners are not able to sell the inventory in the state or domestic market since buyers prefer imported iron ore as they feel it is better on quality

India had produced more than 200 mt of iron ore in 2010-11

Iron ore miners in Karnataka are stuck with 6.5 million tonnes of unsold inventory as against 1.5 mt a year ago. And one of the reasons is that the steel companies are buying ore from other states, while Karnataka mines are not allowed to export outside the state. Unsold ore amounts to more

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First Published: Apr 25 2019 | 10:49 AM IST

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