New Delhi, April 14 -- The government has amended the rules to revise average sale price (ASP) of low-grade iron ore to curb wastage of resources and ensure steady supply of mineral to the steel industry.
The Ministry of Mines has notified amendments to the Mineral Concession Rules for determining the average sale price (ASP) of low-grade haematite iron ore, including Banded Haematite Quartzite (BHQ) and Banded Haematite Jasper (BHJ), according to an official release.
The amendments, issued under the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2026, address a long-standing gap in pricing iron ore with iron (Fe) content below the notified threshold of 45 per cent.
Under the revised...