Iron ore

Tags - Iron ore
In brief: Exports of Iranian iron ore have remained steady in the face of escalating tensions in the Mideast Gulf and there are few signs that China, which receives about 95pc of these volumes, will fall in line with US government sanctions.
News ID: 5919    Publish Date : 2019/08/15

Iranian Central Plateau Iron Ore Mines Complex, in the central Iranian province of Yazd, intends to implement two projects aimed at processing tailings in the complex.
News ID: 5846    Publish Date : 2019/08/08

Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled an auction for sub-grade iron ore fines today (i.e. on 05th Aug'19). Total quantity put under the auction was 525,000 MT fines (Fe 58%) . Traders were restricted to take part in this auction.
News ID: 5825    Publish Date : 2019/08/07

China's imports of iron-based metallics have increased at their fastest pace since 2012, as the country's steel producers seek to control pollution and find alternatives to scrap and iron ore.
News ID: 5823    Publish Date : 2019/08/07

The Iranian Ministry of Industry, Mine and Trade has not issued any permits for iron ore pellet exports since the beginning of August because of a shortage in the domestic market.
News ID: 5808    Publish Date : 2019/08/07

A rise in shipments of iron ore from major Australian mining companies last week is likely to ease Chinese buyers' concerns about supply tightness.
News ID: 5802    Publish Date : 2019/08/06

Even though at the beginning of the month iron ore was trading above $120 a tonne, the highest in more than five years, prices are starting to come down, closing at about $100 a tonne in the last market session.
News ID: 5776    Publish Date : 2019/08/06

SteelMint in conversation with trade sources learned that Chinese mills have reduced bid for low grade iron ore fines following steep decline in global iron ore fines index throughout this week. SteelMint’s assessment for low grade (Fe 57%) iron ore fines is around USD 60-62/MT, FoB India or equivalent to USD 75-77/MT, CFR China as against being USD 87/MT, CFR China last month.
News ID: 5771    Publish Date : 2019/08/06

During the week-31 (27 Jul-3 Aug’19), Indian steel prices in secondary market remained on a free fall owing to weak demand from the domestic & global buyers.
News ID: 5768    Publish Date : 2019/08/06

As per bulk vessel line up data maintained with SteelMint, South Africa iron ore export shipments to India dropped to nil in July’19 as compared to 53,000 MT in June’19. The drop is attributed to availability of comparatively less expensive domestic pellets. Major buyers from west India and south India have shifted to pellets. Jindal SAW pellet prices are assessed at INR 8,300/MT, delivered Kandla.
News ID: 5738    Publish Date : 2019/08/05

Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled its iron ore lump e-auction today (2nd Aug’19). Total quantity put under the auction was 457,000 MT iron ore lumps. Out of the total quantity nearly 60% (275,000 MT) of material fetched bids.
News ID: 5735    Publish Date : 2019/08/05

Serajuddin- Odisha's major merchant iron ore miner has decreased iron ore lump offers effective from today(02 Aug’19). Miner has lowered prices for 5-18 mm (Fe 63%) by INR 300/MT to INR 3,700/MT (ex-mines, including Royalty, DMF, & NMET) as against last offers at INR 4,000/MT (ex-mines, GST extra). However, as per sources, fines prices have remained unchanged.
News ID: 5734    Publish Date : 2019/08/05

Champion Iron reported Wednesday net income of $56.03 million (C$74.2 million) in Q2 compared to $15.67 million (C$20.7) million during the same period a year ago.
News ID: 5675    Publish Date : 2019/08/02

Odisha - India's largest iron ore producing state recorded production at 11.73 MnT stable on monthly basis, according to the provisional data of Odisha Govt. maintained by SteelMint. The figures include the type of material - fines, lump, and concentrate.
News ID: 5652    Publish Date : 2019/08/01

This week Chinese steel prices remained volatile over fluctuating futures and softening demand. However nation’s HRC export offers remained stable and rebar export offers witnessed marginal decline. Meanwhile iron ore prices gained momentum towards the weekend.
News ID: 5648    Publish Date : 2019/08/01

Indian steel market remained bearish in the week-30 (20-27th Jul'19) owing to lessened trade activities in domestic market.
News ID: 5646    Publish Date : 2019/08/01

Seaborne pellet prices rose today in line with the seaborne fines market, supported by expectations of looser restrictions on blast furnace operations in Tangshan in August.
News ID: 5611    Publish Date : 2019/07/30

This week Chinese steel prices remained volatile over fluctuating futures and softening demand. However nation’s HRC export offers remained stable and rebar export offers witnessed marginal decline. Meanwhile iron ore prices gained momentum towards the weekend.
News ID: 5561    Publish Date : 2019/07/29

In a big relief to the state based steel units, Department of Steel & Mines (Govt of Odisha) has permitted storage licenses for intermediate stockyards to state based end user units to facilitate smooth transition of mining leases that are due to expire by 31st March 2020.
News ID: 5544    Publish Date : 2019/07/29

Indian pellet export market remained less active so far this week. SteelMint in conversation with market participants learned that Chinese traders are adopting ‘wait & watch’ approach before making any new bookings.
News ID: 5512    Publish Date : 2019/07/28

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