Fimi had earlier said non-extension will disrupt raw material supplies to steel, other industries. Nearly 70% of steel plants don't have captive iron ore resources and have to rely on merchant miners
Non-plant grade bauxite isn't used in aluminium smelters that go for higher grades. With little demand in the domestic market, miners of non-plant grade bauxite usually take recourse to exports
253 iron ore mines are lapsing nation wide by March 2020. Of the total mines headed for expiry, only 33 are working