Global Iron Ore Consumption Market has promises to grow as the
The compensation was calculated by the central empowered committee (CEC), a Supreme Court-appointed panel that probed into large-scale mining irregularities in Odisha. The miners were bound to pay the compensation for overproduction of iron ore and manganese ore latest by December 31 to save
According to Metal Bulletin, the spot price for benchmark 62% iron ore fines stood at $US76.80 a tonne last Friday. 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
List prices of the main mining companies in January are higher by 8-30pc from the previous month. Prices of 63pc Roongta iron ore fines are
India's FIMI seeks slew of tax incentives to revive domestic mineral
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
Price spreads for semi-finished steel over iron ore have dropped
On January 2 this year, the country's largest iron ore miner NMDC raised prices of higher grade iron lumps and fines by Rs 500 each to Rs 3,100 and Rs
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
Yesterday, we had made another price cut of Rs 300 for fines and Rs
This pricing situation along with stockpiles of iron ore products in excess of 150 million tonnes held in China make the iron ore fines business challenging,"
Iron ore had a stellar 2019, reaching a five-year high of $125 per ton in July on the back of Vale SA's Brumadinho mining dam disaster and Cyclone Veronica,
Brazil's iron ore exports fell by around 19pc in the first four weeks of January
The southern system fines are blended with the 65pc basis Vale
The price for 65% Brazilian iron ore fines rose 5.9% to $97.60 a
The collapsed dam at Brumadinho was owned by Vale SA, the world's largest iron ore
The six mines in Odisha, India's largest iron ore producing state, were ordered to halt production from 1 January after they failed to pay fines imposed by the Supreme Court last year. The penalties were imposed for excessive mining by several companies, including large steelmakers such as Tata Steel,
The closure of six iron ore mines in Odisha has created a supply shortage of 5.5 million tonne, due to which the rates of lump ore have gone up by around Rs
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
Seaborne iron ore markets began 2020 with a supply deficit, but the Wuhan virus