The downward momentum in the seaborne iron ore market slowed on Thursday January 18 with strengthening port prices.
Business Standard reported that union mines ministry has exhorted Odisha's iron ore mine leaseholders to expand production to match the approved limits under environmental clearance.
The downward momentum in the seaborne iron ore market slowed on Thursday January 18 with strengthening port prices.
Iron ore prices performed moderately last year, with the benchmark 62 percent fines contract averaging $70 per tonne in 2017, according to
Both Pilbara Blend fines and Carajas fines sold against a 62% Fe index saw their premiums fall in comparison with a week ago, a trading source said. Jimblebar and Mining Area C fines are the more cost-effective materials at the moment, as they are being sold at a discount to a 62% Fe index, the source
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Hill said the mine would produce pulverised ore containing a higher-than-normal 70 percent iron that could be fed directly into furnaces as pellets, or sphere-shaped high-quality ore that typically fetches a premium over the sandy iron ore fines. The spot price for iron ore pellets .IO65BP-CNO=MB topped
It is observed that of the total stockpile, 70 per cent are below 62 per cent Fe (both lumps and fines). Fines constitute 93 per cent of the all-India stockpile of below 62 per cent Fe in these two states. The increasing stockpile year after year is squeezing the available space in mines for continuing iron ore
Taking cues from NMDC, the country's largest iron ore miner, lessees in Odisha have hiked ore prices by up to Rs 500 per tonne in less than a month. Over the past two weeks, prices of 62.5 per cent-grade iron ore fines have appreciated by 12-14 per cent, much in line with the steep hikes effected by
KOLKATA: India's steel producers and suppliers of iron ore have very different views on the pricing benchmarks to be used for the primary input material
In comparison, the price for lower grade 58% fines is currently significantly lower at $US42.32 a tonne. "The vast majority of the iron ore industry is unsurprisingly in-the-money at current spot prices," Macquarie says. "Widening Fe-discounts have shifted low-grade producers up the curve, compared to early
Between October 2017 and the present, merchant miners in Odisha have raised the price of iron ore lump by 49 per cent and of fines by 59 per cent. In this period, NMDC increased the price by 35 per cent for lumps and eight per cent for fines. With Odisha and NMDC together accounting for 45 per cent of
Both Pilbara Blend fines and Carajas fines sold against a 62% Fe index saw their premiums fall in comparison with a week ago, a trading source said. Jimblebar and Mining Area C fines are the more cost-effective materials at the moment, as they are being sold at a discount to a 62% Fe index, the source
Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.
IThe cases involve mining of sand, iron ore, bauxite, chromite, coal, and stone in Maharashtra. (HT File Photo)
It had set up an integrated steel plant of 0.45 million tonne at Sundergarh, Odisha, and had a captive iron ore mine at Keonjhar and captive coal mines at Talcher and Angul in Odisha. It had also set up a 1.2-million tonne pellet and beneficiation plant in Jharkhand to utilise low-grade iron ore fines and
NMDC has taken two consecutive price hikes for domestic iron ore prices adding up to ?,?700 and ?,?800 a tonne for lump ore and iron ore fines,
Uncertainty in the availability of ore after Supreme Court imposed heavy penalty on mining companies pushed the prices of different grades of iron ore," sources in the steel industry said. The price of iron ore fines, a major raw material for pellet, sponge and steel industry, has increased by more than 35 per
In a series of tweets, Jindal expressed his exasperation on how with the closure of 7 mines in the state that had failed to pay fines for illegal operations, a veritable shortage of 20 million tonne of iron ore had been created, which could push small steel companies on the brink of closure, apart from being a
"Australia's major iron ore suppliers are highly cost competitive and are expected to displace higher cost and lower quality Chinese mining operations," the