You cannot sell the Iron Ore in open market and present capacities are fully utilised. You need to incur CAPEX to fully utilise these Iron Ore mines. For utilising additional 1 MT Iron ore you need CAPEX for 1 MTPA.
@Kumar_manas In your real estate example you can sell the land however here you cannot sell the Iron ore …
Flip side of Chinese Steel companies going bankrupt will be surplus supply of Iron Ore which will further bring down the prices to Iron ore and negatively impact Godawari. Also slow down in China will force Chinese steel companies to glut the global steel market thereby impacting all steel producers including Indians.
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