Iron ore

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According to the market sources report SteelMint that fallen in global iron ore fines price Indian low-grade iron ore fines (Fe 57%) export prices have also decreased.
News ID: 6479    Publish Date : 2019/09/21

Australia - world's largest iron ore exporter has recorded rise in iron ore shipment in Aug’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 75.51 MnT in Aug'19, up 6% as compared to 71.03 MnT in July’19. China marked the largest importer of Australian iron ore in Aug'19 at 62.21 MnT, up 8% M-o-M.
News ID: 6458    Publish Date : 2019/09/12

Karnataka has registered fall marginally in monthly e-auction sales volume in Aug’19. Total iron ore allotted quantity was recorded at 2.40 MnT in Aug’19 compared to 2.41 MnT in Jul’19. However, on yearly basis, Karnataka e-auction sales moved up by 8% in Aug’19 as compared to 2.21 MnT in Aug’18.
News ID: 6440    Publish Date : 2019/09/09

According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 4% rise in iron ore imports to 94.85 MnT in Aug'19 against July’19 imports at 91.02 MnT. The imports have hit 19- months high as the level was last witnessed in Jan’18 at 100.32 MnT.
News ID: 6439    Publish Date : 2019/09/09

During the week 36, India's spot steel trades of mid sized mills improved in major locations followed by increase in offers by INR 100-500/MT. Also trade volumes reported increase this week.
News ID: 6416    Publish Date : 2019/09/07

According to Iranian Mines & Mining Industries Development & Renovation (IMIDRO), the Iranian government planned to impose a 25% tariff on iron ore exports from 1st Oct’19. The policy of tariffs is mostly to avoid exporting raw iron ore, creating more additional value, and meet the requirements from domestic steel industries.
News ID: 6411    Publish Date : 2019/09/06

NMDC- India's largest iron ore producer registered 28% decline in production for the month of Aug'19 at 1.41 MnT as against 1.95 MnT a month ago. On yearly basis too, production fell by 4% as compared to 1.46 MnT in Aug’18. The production has witnessed a fall amid heavy rains & monsoons and prolonged closure at Donimalai mines. Out of the total production of 1.41 MnT in Aug, 0.79 MnT were from Chhattisgarh mines (down 32% M-o-M), while remaining 0.62 MnT (down 22%) stood from Karnataka mines.
News ID: 6386    Publish Date : 2019/09/05

Indian iron ore export volumes for Aug’19 recorded at 2.20 MnT, up 3% as against 2.13 MnT in July’19. On yearly basis, exports increased significantly compared to nil in Aug’18.
News ID: 6383    Publish Date : 2019/09/05

Indian iron ore imports for the month of Aug’19 have been recorded nil, according to the data maintained by SteelMint. The imports have dropped to nil after 4 years as this level was last witnessed in Oct’15. Indian iron ore imports in July’19 stood at 51,470 MT.
News ID: 6378    Publish Date : 2019/09/04

Following decline in global iron ore fines price, Indian low grade iron ore fines export prices have also witnessed downturn. Odisha based manufacturer is heard to have concluded low grade iron ore (Fe 57%) fines deal for 50,000 MT. The material booked is for Sep loading and the deal is concluded at around USD 55/MT, CFR China. The freight charges from east coast to China is around USD 13-15/MT. However few indications for low grade fines export price were also heard at below USD 55/MT, CFR China.
News ID: 6376    Publish Date : 2019/08/31

World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 30.11 MnT in Aug'19, down 12% as compared to July'19 exports at 34.27 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 15% as against 35.62 MnT in Aug'18. The data compiled is for 22 days.
News ID: 6360    Publish Date : 2019/09/03

NMDC (Chhattisgarh) supplied total of 169 rakes (0.65 MnT) of iron ore in the month of Aug’19, down 24% against 222 rakes (0.85 MnT) a month before in Jul’19, according to railway movement data maintained with SteelMint. Amid heavy rains, miner's iron ore production and dispatches were learned to have remained adversely impacted.
News ID: 6353    Publish Date : 2019/09/02

China has taken fewer shipments of iron ore from Iran over August and September, according to Refinitiv Eikon data, as additional export tariffs due to be imposed by Tehran have dampened risk appetites in the world’s biggest steelmaker.
News ID: 6351    Publish Date : 2019/09/21

Billionaire Robert Friedland-backed High Power Exploration (HPX) has secured rights to develop a massive iron ore deposit in Guinea left undeveloped for years by its previous owners.
News ID: 6348    Publish Date : 2019/09/06

China's demand for iron ore pellets and high-quality ore is expected to accelerate in 2020 as a result of Beijing's push to shift dozens of steel mills to coastal regions in its battle to stop smog blanketing industrial cities.
News ID: 6301    Publish Date : 2019/09/05

Iron ore is an important raw material for iron and steel production enterprises.
News ID: 6300    Publish Date : 2019/09/05

As per the recent updates received, the 22nd Goan iron ore e-auction held on 22nd and 23rd Aug’19, received bids for only 39% (i.e 2.06 MnT) out of total offered quantity of 5.34 MnT. Rest 3.28 MnT iron ore remained unsold.
News ID: 6284    Publish Date : 2019/09/03

China's ferrous scrap consumption totalled 101.1mn t in this year's first half, up by 15.3pc from a year earlier on the back of higher scrap feed in the basic oxygen furnaces (BoF) of blast furnace-based steel mills.
News ID: 6213    Publish Date : 2019/08/28

Essel Mining - a major iron ore mine in Odisha has reduced its offers for iron ore lumps by INR 200/MT (USD 3/MT). Revised prices will come into effect from 24 Aug'19. However revision in fines was heard around INR 150/MT.
News ID: 6200    Publish Date : 2019/08/28

Following the constant downturn in semi-finished and finished steel prices, market expects Odisha merchant miners to revise iron ore prices in the near short term. Current SteelMint assessment of 5-18mm is at INR 3,700-3,800/MT and for fines is at INR 2,000/MT ex-mines, including Royalty, DMF & NMET, GST extra). As per the sources, market participants are expecting a price cut from the Odisha merchant miners soon. Although miners haven't announced any indications yet but trade sources are expecting a reduction of INR 150-200/MT.
News ID: 6198    Publish Date : 2019/08/27

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