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Government revises low grade iron ore pricing to cut wastage and stabilize steel supply
Economy
Published on 24 April 2026
New norms could make beneficiation pay off, switching scrap into steel input
The government has amended pricing norms for low-grade iron ore types like Banded Haematite Quartzite and Jasper to push greater use. By adjusting prices, it hopes to curb wastage and improve resource utilization while making beneficiation financially viable, helping secure a steadier supply of iron ore for the steel industry.
- Revised pricing targets low-grade iron ore categories
- Goal is higher utilization and reduced wastage
- Changes aim to make beneficiation economically viable
- Expected outcome is steadier iron ore supply for steelmakers
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times