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India revises iron ore pricing rules to make low-grade ore viable for steel production starting April 2026.
The Indian government has revised iron ore pricing rules to make low-grade, previously wasted minerals economically viable for steel production.
Effective April 2026, the Ministry of Mines set specific prices for ore below 45% iron content, such as BHQ and BHJ, based on a percentage of higher-grade ore prices.
This change aims to boost resource conservation and secure raw material supply for the domestic steel industry.
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India revisa las reglas de precios del mineral de hierro para hacer viable el mineral de baja calidad para la producción de acero a partir de abril de 2026.