How the Iron Ore Market Works VALE RIO - Investopedia Jan 24 2020 Almost 98% of mined iron ore is used in steel making. About 50 A fully commercial iron ore mine requires heavy capital investment in infrastructure such as rail lines and heavy machinery. India 210 million tons 8.4%.
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India may become net importer of iron ore again from next year Dec 2 2019 India is likely to emerge as a net importer of iron ore next year after about four mining companies boost their production this year to make up for the as edible oil electronics heavy machinery coal and precious metals.
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