India to restrict iron ore exports

One of India's biggest exports is iron ore to China. But now, according to Bloomberg, India is going to restrict iron ore exports because it can't even feed growing domestic demand.

I can't find the Bloomberg story on the web (it's only on the premium Bloomberg news feed) but I did find this story from an Indian paper explaining more about the problem. You can give it a read by CLICKING HERE.

Does that sound like a global slowdown to you? It sounds to me like both India and China are barreling ahead full-throttle.

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