India: Godawari Ispat Resumes Movement of Iron Pellets to Vizag Port for Exports - Sources
Godawari Power and Ispat Ltd (GPIL), a Raipur based iron pellet maker has resumed pellet movement for 55,000 MT to Vizag port for exports, SteelMint learned from market sources.
Company is stocking in order to make prompt shipment and deal may get conclude soon, sources told SteelMint.
GPIL has 1.8 million tonne pellet capacity in the state. Company has exported around 3-4 vessels in the last three months to South Korea and China.
Key Updates:
1.Indian state-owned pellet maker offering low Alumina (Al<=2) iron pellets at around $109-110/t FOB India, deal has not been reported yet.
2. High Alumina (Al>=3) pellet offers assessed at around $102-104/t FOB India or equivalent to $110-112/t CFR China.
3. Buying interest from Chinese mills remain subdued on rising port inventories of iron pellets.
4. Chinese pellet port stock increased from 2.2 million tonnes in Oct 2018 to 3.6 million tonnes in Dec 2018, according to industry data.
source: SteelMint
Top News
Seven Minutes ago
Three last month
Column: After Ukraine deal, US turns its critical minerals gaze to Africa
China keeps adding gold to reserves as challenges stack up
Canadian hedge fund embraces gold as world loses faith in dollar
Shanghai Gold Exchange to expand warehouse network to Hong Kong
Mining murders show Peru’s struggles with illegal gold rush
Gold reserves in London vaults rise in April as bullion returns from US
Peru’s emergency mining ban to cost $200 million in lost gold output
Barrick CEO says he does not know where Mali is keeping its confiscated gold
Copper output from Codelco climbs 15% in March
Column: Iron ore tells a different story to the China tariff pain narrative
Codelco, Rio Tinto ramp up efforts for Chile copper mining district
Codelco would keep more profits if Carolina Toha wins presidency in Chile
Codelco, BHP agree on terms to explore Anillo property
Guinea moves to cancel mining rights of non-compliant companies
US judge halts land exchange for Rio Tinto copper mine opposed by Native Americans
BHP-backed SolGold turns to speedier mine plan to woo investors
China launches campaign to crack down on strategic minerals smuggling
Peru’s emergency mining ban to cost $200 million in lost gold output
Tsingshan ‘has not given up’ on Chile lithium plans despite plant retreat
Column: Iron ore tells a different story to the China tariff pain narrative
Codelco, Rio Tinto ramp up efforts for Chile copper mining district
Codelco would keep more profits if Carolina Toha wins presidency in Chile
Codelco, BHP agree on terms to explore Anillo property
Guinea moves to cancel mining rights of non-compliant companies
US judge halts land exchange for Rio Tinto copper mine opposed by Native Americans
BHP-backed SolGold turns to speedier mine plan to woo investors
China launches campaign to crack down on strategic minerals smuggling
Peru’s emergency mining ban to cost $200 million in lost gold output