India to supply 2 mln T of iron ore to Japan annually-min
Tuesday, 01 May 2012 | 14:44
India has agreed to supply 2 million tonnes of iron ore per year to Japan under an extension of an earlier agreement, Trade Minister Anand Sharma said.
India, once the world's third-biggest supplier of iron ore, has lost its pricing advantage due to high export taxes and freight costs, making the steel-making ingredient from Australia and Brazil cheaper.
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