India: NMDC Resumes Pellet Offer from Donimalai Plant After Five Months Gap
NMDC Donimalai pellet plant has resumed offering pellets after a gap of around five months. The company has quoted fresh offer Fe 64% pellets at INR 7,000/MT (FoT basis).
Current offers are for a quantity of 20,000-30,000 MT on advance payment basis. The price validity is till 29th Feb'20. Rake loading can be arranged at an extra cost of INR 105/MT (including GST).
-- Prior to this the Company had last floated offer of INR 6,200/MT in Sept'19.
-- NMDC Ltd is operating 1.2 MnT pa capacity pellet plant located at Donimalai, Karnataka.
Bellary pellet market overview-: Other Bellary based pellet makers have kept offers stable this week to INR 7,100-7,200/MT (Ex-Bellary).
Few pellet makers from Karnataka were not offering pellet in the merchant market from the last couple of weeks due to maintenance shut down and tight availability of iron ore. Following this, Bellary pellet price assessment of SteelMint moved up by INR 300/MT in mid Feb'20.
source: SteelMint
Top News
Six last month
Two last year
Copper price, stocks are being hammered as Trump tariff, China worries mount
China, Indonesia seal $10 billion in deals focused on green energy and tech
Codelco copper production rises in September, Escondida dips
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Top gold ETF sees largest weekly outflow since 2022 on Trump win
US judge narrows investor lawsuit against Rio Tinto over Mongolian mine
Japan, Peru to agree on cooperation in mineral mining technology
Ahead of Rio Tinto buyout, Arcadium’s profit dips on sliding lithium prices
MinRes halts Bald Hill mine amid lithium price rout
Orano warns of financial problems at Niger uranium plant
Zimbabwe lithium miners want royalties to be linked to prices
Indonesia’s Jan-Oct nickel ore imports surge by 50 times from year ago
Hedge funds slash bullish wagers on gold over Trump election win
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Lithium in nascent rebound, but long-term outlook is bleak
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
Orano warns of financial problems at Niger uranium plant
Zimbabwe lithium miners want royalties to be linked to prices
Indonesia’s Jan-Oct nickel ore imports surge by 50 times from year ago
Hedge funds slash bullish wagers on gold over Trump election win
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says