Mineral Policy Issues in theContext of Export and Domestic Use of Iron Ore in India
AbstractThis study examines the utilization of iron ore in India. It takes into account thesignificant reserves of iron ore in India and allays fears that the country's steel industrywill run out of iron ore resources if exports continue at the current level. On the contrary,it says that exports are necessary to maintain a structural balance in the market betweenproduction and consumption of lumps and fines as nearly 80 of exported ores are fineswhich are not adequately used in India. This study also highlights the specific problemsof the Goa/Radi region. It examines the bilateral agreements with countries like Japanand Korea as well.The study says that the size of mineral resources is a dynamic concept and depends onexploratory efforts, which have not been enough in India due to lack of investments. Itrecommends on the basis of international experience that increased investment in themineral sector, especially in exploration, will lead to new reserves and resources.
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Bibliographic InfoPaper provided by Indian Council for Research on International Economic Relations, New Delhi, India in its series Indian Council for Research on International Economic Relations, New Delhi Working Papers with number 207.
Length: 144 Pages
Date of creation: Mar 2008
Date of revision:
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Export of Iron Ore; Mineral Policy; Domestic Consumption; Steel Industry;
Find related papers by JEL classification:
- Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
- Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
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