The miner has raised base price by INR 100/MT from its Gandhamardhan and Koira mines.
News ID: 5120 Publish Date : 2019/07/11
Primetals Technologies has developed the world's first direct reduction process for iron ore concentrates from ore beatification not requiring any pre processing like sintering or pelletizing.
News ID: 5045 Publish Date : 2019/07/07
World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 29.40 MnT in June'19 (data complied is for 19 working days), down slightly as compared to May'19 exports at 29.83 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 17% as against 35.31 MnT in June'19.
News ID: 5040 Publish Date : 2019/07/06
Amid increase in spot iron ore fines index and good demand, Indian pellet export prices have moved up against last week.
News ID: 5011 Publish Date : 2019/07/04
Odisha - India's largest iron ore producing state recorded a decrease in iron ore production for the month of May’19. Production in May’19 stood at 11.7 MnT.
News ID: 5009 Publish Date : 2019/07/03
Indian steel prices remained volatile during the week 26 (22nd to 29th Jun) as domestic trades were not up to the mark for Semis & Finished products amid rising inventories with the mid sized mills, as reported by industry participants.
News ID: 4980 Publish Date : 2019/07/02
India’s state-owned pellet maker - Kudremukh Iron Ore Company Ltd (KIOCL) has signed MoU on 26th Jun’19 at METEC- 2019 at Dusseldorf, Germany with Glencore international AG and Steel Mont GMBH for the sale of pellets in European market including UK.
News ID: 4971 Publish Date : 2019/07/01
Fortescue Metals Group - world's 4th largest iron ore producer has reduced the sub-grade iron ore discount for SSF (super special fines) for Jul’19. SteelMint has learned from the market participants that FMG lowered its discount stable for SSF low-grade fines for the month of Jul’19 to 7% from 11% in Jun’19.
News ID: 4956 Publish Date : 2019/07/01
According to market sources report to SteelMint, inquiries for imported South African lumps to India has dropped amid soaring prices caused due to global price hike. Although no firm offers/bids were heard but assessment for South African lump to India is learned to be around USD 134-135/MT, CNF Kandla, up as against USD 125/MT, CFR Kandla in last month.
News ID: 4955 Publish Date : 2019/07/01
World’s largest miner BHP (ASX:BHP) has settled a A$250 million ($175m) dispute over allegedly underpaid royalties on iron ore shipments sold through its Singapore marketing hub with the state of Western Australia.
News ID: 4923 Publish Date : 2019/06/28
Indian Steel prices slump sharply during the week 25 (15-22 Jun) owing to weak demand amid strong supply. The participants reported below to average inquiries from domestic and global buyers as well, hence there was constant drop in prices.
News ID: 4893 Publish Date : 2019/06/24
This week Chinese steel market exhibited mixed sentiments in domestic market since steel prices reported decline in the beginning of the week and witness rebound towards the end of this week amid gains in futures market.
News ID: 4891 Publish Date : 2019/06/24
NMDC- India's largest iron ore producer registered 25% increase in sales for the month of May'19 at 3.37 MnT as against 2.7 MnT a month ago. The miner had rolled over prices for May'19 deliveries.
News ID: 4877 Publish Date : 2019/06/23
JSW Steel - India's largest steel maker recorded total iron ore sourcing at 1.73 MnT in May'19. The sourcing witnessed 36% drop M-o-M as against 2.71 MnT in Apr'19. On yearly basis, sourcing fell 42% in May'19 as against 2.98 MnT in May'18.
News ID: 4873 Publish Date : 2019/06/23
According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed rise in crude iron ore production for May'19. The production in May'19 recorded at 70.8 MnT, up 3% against 68.5 MnT in Apr'19.
News ID: 4860 Publish Date : 2019/06/20
Bhushan Steel - a major integrated steel maker with a capacity of 5.6 MnT has recorded iron ore & pellet sourcing at 0.50 MnT in May'19. The sourcing increased 55% as against 0.32 MnT in Apr'19.
News ID: 4859 Publish Date : 2019/06/20
SteelMint in conversation with trade sources that prices for low-grade iron ore fines export from India has increased by around USD 5/MT against last assessment
News ID: 4855 Publish Date : 2019/06/20
Australia - world's largest iron ore exporter has recorded rise in iron ore shipment for May'19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 76.97 MnT in May'19, up 11% as compared to 69.22 MnT in Apr'19. On yearly basis, Australia iron ore exports dropped slightly as against 78.20 MnT in May'18.
News ID: 4854 Publish Date : 2019/06/20
Indian steel prices moved down-trend during the Week-24 (8-15th Jun'19) on demand concern amid healthier supply. The producers seems received limited response as offers continued on negative direction.
News ID: 4835 Publish Date : 2019/06/18
As per the recent data released by NBS (National Bureau of Statistics), Chinese crude steel output records new high in May’19 at 89.09 MnT.
News ID: 4828 Publish Date : 2019/06/16