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,"
The price for 65% Brazilian iron ore fines rose 5.9% to $97.60 a
The southern system fines are blended with the 65pc basis Vale
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
An accident at mining company Vale's iron ore mine in Brazil has added to bullish iron ore sentiment, with the Argus ICX 62pc seaborne fines
In a fresh representation made to NMDC, steel producers and sponge iron manufacturers have argued that the Rs 500 per tonne price hike of both grades of iron ore i.e. lumps and fines for January has raised input cost proportionately, which they are unable to pass on to user industries. Since the demand
Business Standard reported that industries using iron ore like steel mills, sponge iron manufacturers have urged the government-owned miner NMDC Ltd to roll back the raw material price hike immediately. In a fresh representation made to NMDC, steel producers and sponge iron manufacturers have
Pellet plants have a combined installed capacity of 85 million tonnes across the country. However, hardly 50 per cent of the capacity is utilised and this is due to poor availability of iron ore fines at sustainable prices. Over 75 per cent of the pellet and steel plants don't have captive mines and are dependent
Iron ore prices may react next week following today's tailings dam breach at Vale's (NYSE:VALE) Corrego de Feijao iron ore mine in
Now he's started ERP Iron Ore LLC and Chippewa Capital Partners for his two Minnesota mining operations - the former Magentation operations based in Grand Rapids and the former
Most of them still prefer low grade ores," a Hong Kong iron ore trader
Iron ore prices have been on a tear over the past couple of months,
On Tuesday, NMDC announced a Rs 500-increase in price of lump ore to Rs 3,100 per tonne, or up 20%, while fines will now be charged at Rs 2,760 per
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.
Brazilian mining firm Vale reported sales of yuan-denominated portside cargoes on Corex in 2017, but did not give volumes. It plans to increase such sales this year. Vale is aiming to blend around 100mn t of its BRBF fines in China and Malaysia this year and sell a significant amount of these ores on the
The downward momentum in the seaborne iron ore market slowed on Thursday January 18 with strengthening port prices.
Lower grade iron ore prices continue to surge, closing at fresh multi-year