Unlike India, China is becoming increasingly dependent on iron ore imports to sustain its ever-rising steel production
The merger, likely to materialise in the first half of this year, will have major implications for India, the world's second largest producer and consumer of cement
Chinese producers are under pressure to export surplus steel, as domestic demand growth is falling compared to the rise in output
Last year, however, proved disappointing for India, where production likely contracted 4.7% to 1.6 mt
The 5% duty on the export of iron-ore pellets has made these uncompetitive
Officials say Brazil sugar-cane body UNICA hasn't considered the damage on our sugar economy by imports of 3.1 mt, raw and white combined