Page 6 - Iron Ore

SAIL sits on 42 mn tonnes of sub-grade ore, mulls beneficiation plant

As on March 31, 2020, SAIL valued its inventory of 42.98 million tonne at net realisable value of Rs 3,792 crore.

Iron ore halts two-day gain as steel slides, BHP mine to open; copper sinks

Copper sinks as inflation fears eclipse South American political risk

NMDC hikes lump ore price by Rs 700 per tonne; fines by Rs 1,500 per tonne

The country's largest iron ore miner NMDC on Wednesday announced a hike in the prices of lump ore by Rs 700 per tonne and fines by Rs 1,500 per tonne with immediate effect

Iron ore prices surge as global economy rebounds, Covid-19 pandemic recedes

The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in Singapore have nearly doubled in the past six months to a record high of $226.55,

Iron ore prices surge as global economy rebounds, Covid-19 pandemic recedes

The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in Singapore have nearly doubled in the past six months to a record high of $226.55,

Iron ore turns 'very hot' as 10% surge adds to commodities boom

Copper remains a favorite long wager in the commodities complex

Steel prices hiked by Rs 5,000 a tonne on global rally, iron ore rises too

The last time steel price rose was in Jan when it touched an all-time high. But it came off those highs as China moved into the new year holiday season on pressure from end users in domestic market

Railways ministry nod to new iron ore policy, to come into effect in Feb

Higher priority given to movement of iron-ore traffic for domestic manufacturing

Foundries demand import duty cut on pig iron, other key raw materials

Hit by surging input costs, the foundry industry in the country has demanded reduction of import duty for pig iron and other raw materials, an official said on Friday.

Iron ore is this year's hottest commodity on China-fuelled surge

Futures in Singapore have surged almost 70% this year, hitting their highest since trading started in 2013, as China's stimulus-led rebound fuels steel output and consumption

Govt extends NMDC's Donimalai iron ore lease after two-year suspension

Centre signs agreement with Karnataka govt and Ministry of Steel in this respect

Mineral mining in need of FDI, modern technology: FIMI Director R K Sharma

He says, failure to attract investment in the same order as our geological siblings has kept India as a big net importer of minerals

Stockpiles of unsold iron ore at mine-heads are increasing: FIMI

FIMI has said that stockpiles at mine-heads are increasing and not allowing their export will amount to complete wastage of a material which can earn valuable foreign exchange for the country

As domestic iron ore price rises, steel industry demands ban on its export

The domestic secondary steel industry contributes nearly 55 per cent to the total production of the alloy in the country

NMDC hikes iron ore rates by Rs 300 to Rs 2,950 a tonne effective today

The country's largest iron ore miner NMDC on Wednesday hiked rates of the mineral by Rs 300 to Rs 2,950 a tonne with immediate effect

China's July iron ore imports hit record high on robust demand; up 24%

China's iron ore imports in July surged to a record, up 24% from a year earlier, driven by shipments from miners and resilient demand as the economy bounced back after disruptions from pandemic

NMDC s produces 2.19 million tonnes of Iron ore in July, sells 2.57 MT

NMDC Limited produced 2.19 million tonnes and sold 2.57 million tonnes of iron ore in July.

Iron ore exports, prices rose sharply, but only eastern miners benefited

According to FIMI, iron ore exports in 2019-20 rose to 36,623.71 tonnes from 16,198.90 in 2018-19

Panel urges SC not to ask NMDC, MML to meet iron ore shortfall in Karnataka

CEC says existing mines and upcoming ones will be able to meet the demand

China's iron ore appetite takes imports from India to 8-year high

Shipments of the raw material from India more than doubled to 20 million tonne in the six months through June from a year earlier, according to China's Customs data