India's largest iron ore miner - National Mineral Development Corporation (NMDC) has announced reduction in floor prices in upcoming Karnataka e-auctions scheduled in Apr’19. Iron ore base prices at NMDC Kumaraswamy have decreased by around INR 150/MT in both fines and lumps.
News ID: 4288 Publish Date : 2019/04/09
Australia - world's largest iron ore exporter has recorded drop in iron ore shipment for Q1 CY19, according to the vessel line up data maintained with SteelMint.
News ID: 4283 Publish Date : 2019/04/09
SteelMint in conversation with market participants learned that few Odisha based exporters have ramped iron ore export bookings amid lucrative global iron ore prices post announcement of supply disruption from Australian and Brazilian miners.
News ID: 4281 Publish Date : 2019/04/09
Indian iron ore export volumes dropped significantly by 57% to 6.81 MnT as against 15.65 MnT in FY’18. Iron ore exports in the financial year FY’19 have hit three year low as this level was last seen in FY’16 at 6.04 MnT.
News ID: 4266 Publish Date : 2019/04/09
Indian iron ore imports in FY19 has been recorded at 12.36 MnT, up 44% compared to 8.60 MnT for FY18, according to the data maintained by SteelMint. This is 2nd record high on yearly basis as prior to this, Indian iron ore imports hit record high at 15.07 MnT in FY15.
News ID: 4246 Publish Date : 2019/04/08
Australia - World's largest iron ore exporter has recorded an increase in export shipments by 2% Y-o-Y to 839 MnT in CY18. Major miners in Australia ramped up iron ore production in CY’18. Rio Tinto and BHP Billiton increased iron ore shipments during 2018
News ID: 4242 Publish Date : 2019/04/08
World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 22.18 MnT in Mar'19, down 23% as compared to Feb'19 exports at 28.93 MnT, according to trade statistics released by Brazil customs.
News ID: 4240 Publish Date : 2019/04/08
State-owned pellet maker - KIOCL (Kudremukh Iron Ore Company Ltd) recorded enhanced pellet production for FY'19. The production recorded at 2.24 MnT, above the set target of 2.17 MnT.
News ID: 4236 Publish Date : 2019/04/08
NMDC Ltd, India's biggest iron ore producer, has cut iron ore lump and fines price from its CG mines by up to INR 150/MT (5%), SteelMint learned from market sources.
News ID: 4212 Publish Date : 2019/04/07
State-owned miner - Odisha Mining Corporation (OMC) is all set with iron ore production ramp up plans for coming years to make up for expected supply disruption after March 2020 following lease expiry.
News ID: 4196 Publish Date : 2019/04/06
Odisha - India's largest iron ore producing state has recorded Feb'19 production at 10.03 MnT, down 5% M-o-M. During FY'19 (Apr-Feb) Odisha iron ore production has increased by 12% to 98.6 MnT as against 88.05 MnT in the same period last fiscal FY'18.
News ID: 4194 Publish Date : 2019/04/04
Iran has exported 15.31 MnT in Persian year FY'18 and depicted the fall of 26% Y-o-Y as against 20.64 MnT in previous Iranian year.
News ID: 4189 Publish Date : 2019/04/04
SteelMint has learned from the market sources that, Odisha based major merchant iron ore miners are heard to have increased discounts on bulk quantity purchase against last offer.
News ID: 4188 Publish Date : 2019/04/04
Spot iron ore fines Fe 62% index has today jumped by almost USD 3.2/MT against yesterday and closed today at USD 87.05/MT, CNF China.
News ID: 4183 Publish Date : 2019/04/04
West Africa is well endowed with mineral resources, and many world-class deposits have been discovered there in recent years. The region is a key source of gold, iron ore, bauxite, diamonds, phosphate, uranium, and its mainly untapped mineral wealth provides exceptional greenfield development potential.
News ID: 4182 Publish Date : 2019/03/30
Odisha Mining Corporation has scheduled its next iron ore lump e-auction on 04 Apr'19, base prices decreased by INR 200/MT against the base price of previous e-auction conducted on 01 Feb'19.
News ID: 4178 Publish Date : 2019/03/30
As per SteelMint's analysis, iron ore movement across major producing states of the country recorded at 12.91 MnT (excluding exports) in Feb'19.
News ID: 4162 Publish Date : 2019/03/29
United States, world's largest ferrous scrap exporter and fifteenth largest steel exporter of CY17, observed increased Raw material export in CY18 while finish steel exports dropped against that of in CY17, the data provided by US customs showed.
News ID: 4155 Publish Date : 2019/03/26
Australia - world's largest iron ore exporter has recorded rise in monthly export shipments in Feb'19, according to the vessel line up data maintained with SteelMint.
News ID: 4121 Publish Date : 2019/03/22
Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded sharp increase in total iron ore & pellet sourcing for the month of Feb’19.
News ID: 4115 Publish Date : 2019/03/22
Oil projects worth $4.6b to go operational soon: Oji
Iran-Turkey trade hits $1.75 billion in four months
Iran to launch Rasht-Caspian railway in coming days
Electricity consumption increases 11% as temperature begins to rise
South Pars to reduce gas flaring by 1.2 bcm annually
NPC taking final steps to localize petchem catalysts
Over 9m tons of goods transited via roads since mid-March
Iran-Brazil Joint Economic Commission to be held soon
NPC taking final steps to localize petchem catalysts
Iran to launch Rasht-Caspian railway in coming days
Iran-Turkey trade hits $1.75 billion in four months
Electricity consumption increases 11% as temperature begins to rise
Iran-Brazil Joint Economic Commission to be held soon
Annual exports to Iraq stand at $12 billion
Oil projects worth $4.6b to go operational soon: Oji
South Pars to reduce gas flaring by 1.2 bcm annually