Page 10 - Iron Ore

Iron ore output beats ban blues, surges 27% to 154 million tonnes

Output had nosedived 9.4% between 2012-16 after mining ban in 3 states, which has since been lifted

Iron ore industry demands market driven price

Just at time when the domestic iron ore industry had started recovering from slowdown in demand, the central government is planning to cap price of the natural resource in order to make cheaper raw material available to the steel industry. But the iron industry says price should be market determined.Over supply of iron ore from China had kept the price muted in the past. However, with the improvement of demand in China the prices have seen an upward movement.According to sources, the central government is planning to put a cap on the price of iron ore, which would enable steel producers to procure the raw material at a cheap cost. Niti Aayog has been mandated to examine the proposal.The move will help the steel industry further after expiration of the minimum import price that cushioned the domestic sector from cheap imports mainly from China, for one year.In steel making, raw material holds the major portion of overall cost. For small steel producers who follow Blast Furnace route, ..

Iron ore production in Odisha has touched a peak of 85 mt

Going by current production rate state's iron ore output can breach 100 mt

Aggressive bids for iron ore plots at Paradip port may dent exports

Iron ore traffic has witnessed a rebound in this fiscal from the major port

Iron ore shipments surge 154% through major ports

Mormugao port was biggest gainer with a volume of 9.34 mt compared to 1.49 mt in the year-ago period

Iron ore stocks up on less offtake, export duty

Data from the Indian Bureau of Mines shows the total stock of ore at end-July was 144.5 million tonnes

China's iron ore imports on track to top 1 billion tonnes; India shipments surge

Shipments from Australia, which account for nearly two-thirds of China's imports, rose 3% to 49.89 million tonnes last month

Iron ore awakens to hangover as stockpiles surge

The balance of risk for iron as well as copper is skewed to the downside as the dollar strengthens and the effects of Trump's win wear off

Steel PSU NINL gets green nod for Koida iron ore mines

NINL is the biggest producer and exporter of pig iron in the country

Low iron ore dispatches in Odisha hits supply and steel industry

Iron ore despatches are falling mainly because of the prevailing curb on night movement by road

Sponge iron, pellet makers also eligible to bid for iron ore mines

Secondary steel producers as well as related industries are also eligible for bidding for iron ore mines, clarified government

Odisha government is set to auction four mines

The state government has managed to sell off its Ghorhaburhani-Sagasahi iron ore block so far

Iron ore prices moderate on supply glut

BHP Billiton forecasts prices would fall below last year's low of $38.3 a tonne on supply from Australia and Brazil

Plan to cut export duty hits steel sector barrier

Firms say only value-added products must go abroad, not the raw material, especially with planned additions to capacity

Odisha to put up four iron ore blocks for auction in January 2017

In 2017-18, an additional eight mineral blocks in the state are expected to go under the hammer

Mines ministry awaits steel ministry's response on scrapping export duty on iron ore

The proposal would pave way for export of surplus high-grade iron ore (with over 58% iron content) in Odisha and Jharkhand

Iron ore traffic zooms 416% in April-June period

Total iron ore cargo shipped by major ports was 9.6 mt compared to 1.8 mt in the year-ago period

Vedanta moves court for Karnataka's iron ore export permit

First hearing in Karnataka High Court on Tuesday

Iron ore cargo zooms 523% through major ports

Helped by both domestic movement of ore and exports

Iron ore exporters hope for another rail freight cut

The rail freight rate for iron ore transport is now Rs 300 a tonne for both import and export