A reading above 50 indicates expansion, while a reading below reflects contraction.

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

According to Luo, under the current pricing mechanism, iron ore prices are to a large extent determined by the producers rather than market forces.

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

China should guard against the rise in international iron ore prices, as it has the potential to erode its hard-won economic recovery.

Producers in Meghalaya continue to deal with irregular power supply.

The CEC in February forecast a year-on-year increase in electricity consumption of 6-7pc for 2021.