Cartelisation alleged by Karnataka iron ore mines
Submitted by daya on Mon, 2014-02-03 16:50
Base prices doubled in e-auctions; steel makers to move Supreme Court, CCI for intervention; want price fixation agency
Iron ore prices have almost doubled at e-auctions in Karnataka, with one mine after another setting much higher base prices. It has led to the impression that they’ve come together to keep prices of this scarce steel raw material high.
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External URL:
http://www.business-standard.com/article/companies/cartelisation-alleged-by-karnataka-iron-ore-mines-114020200466_1.html
Publication Date:
03/02/2014