Page 10 - Iron Ore

Govt might fix output floor for iron ore mines

Iron ore production saw 23% growth in 2016-17 over a year before, at 190 mt: Macquarie

Record iron ore glut of 204 mt to trigger price fall

Analysts feel huge domestic surplus together with global iron ore prices entering bear territory

Miners warn of 80-mt iron ore deficit on lease extension delay

Licences of 250 mines are set to lapse in three years from now

Iron ore exports to lose steam in FY18 on weak price outlook

After staging a sharp recovery in last fiscal, iron ore exports from the country may lose momentum in FY18 as iron ore trade has entered the bear territory.Exports of iron ore rose four-fold in 2016-17 to 24 million tonne (mt) compared to six mt in the year ago fiscal. Exports were largely helped by a spike in international prices that touched a peak of $95 a tonne. Strong price sentiment was fuelled by demand pick up in China where iron ore inventory at ports reached a record 133 mt, the highest since 2004. The surge in exports had sparked hope of revival in iron ore exports from India which has once been a leading player in global seaborne trade.But, the collapse in iron ore prices have doused hopes for the exporters. Benchmark prices of iron ore tumbled to a six-month low of $61 per tonne, plunging 30 per cent from the February peak before rebounding 2.2 per cent to $64."Iron ore exports had picked up on bullish price trends. Even with the steep export duty of 30 per cent, miners ..

Shipping firms to benefit from rising iron ore exports to China

Overall trade scenario in terms of volumes and freight rates have improved on India-China route

Iron ore prices to remain high

Demand remains buoyant despite supply glut

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