Iron ore

Tags - Iron ore
India's largest iron ore miner - National Mineral Development Corporation (NMDC) is going to conduct an e-auction of 8,000 MT lump ore, 8,000 MT ROM, 8,000 MT DRCLO and 16,000 MT iron ore fines.
News ID: 6195    Publish Date : 2019/08/27

Directorate of Mines & Geology (DMG), govt. of Goa has notified base price of iron ore lots for 22nd e-auctions which is to be held tomorrow (i.e. 22nd Aug’19). Total quantity put for auction is 5.341 MnT with base price ranging from INR 300- 500/MT.
News ID: 6181    Publish Date : 2019/08/26

Govt of Karnataka, decided to cancel the lease renewal order of NMDC's Donimalai mines in Karnataka in an order dated 17 Aug '19 and further put for an auction sale of the expired mine lease block.
News ID: 6176    Publish Date : 2019/08/26

Fortescue Metals Group - world's 4th largest iron ore producer has increased the sub-grade iron ore discount for SSF (super special fines) for Sep’19. SteelMint has learned from the market participants that FMG increased its discount for SSF low-grade fines for the month of Sep’19 to 11% from 6% in Aug’19.
News ID: 6158    Publish Date : 2019/08/25

According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed slight rise in crude iron ore production for July’19.
News ID: 6072    Publish Date : 2019/08/20

China's apparent consumption of crude steel over January-July rose 8.9% on year to 526.76 million mt and will be robust enough to absorb the surge in domestic steel production this year, according to S&P Global Platts estimates.
News ID: 6053    Publish Date : 2019/08/19

SteelMint in conversation with trade sources indicated that low grade iron ore fines export price have come down sharply following global trend. SteelMint’s assessment for low grade (Fe 57%) iron ore fines is around USD 55-60/MT, CFR China down by USD 10/MT as against being USD 65/MT, CFR China a week before. In a month’s time, low grade fines export assessment has come down by around USD 30/MT.
News ID: 6050    Publish Date : 2019/08/19

Indian long steel market observed surge in price range this week, however trades not upto the mark amid sufficient supply and lessened export inquiries.
News ID: 6049    Publish Date : 2019/08/19

NMDC Ltd- India's biggest iron ore producer, has today announced a roll over in its iron ore prices for August deliveries, as per market sources report to SteelMint.
News ID: 6029    Publish Date : 2019/08/18

Godawari Power and Ispat Limited (GPIL) - one of the largest steel producers based in central India has released its operational results for the first quarter of FY’20 ending Jun'19.
News ID: 6009    Publish Date : 2019/08/17

Turkey, the world’s largest ferrous scrap importer, has observed increase in imports of ferrous scrap, Iron ore , Semi finish & Finish products in Q2’19 on a quarterly basis, as per recent data released by the customs department. The country's crude steel production recorded at 16.99 MnT in H1’19, down 10% as against 18.86 MnT in H1’18.
News ID: 5998    Publish Date : 2019/08/17

Australia - world's largest iron ore exporter has recorded fall in iron ore shipment in July’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 71.03 MnT in July'19, down 7% as compared to 76.31 MnT in June’19.
News ID: 5995    Publish Date : 2019/08/17

Global ferrous scrap prices observe softening in almost all major markets on weak demand this week except East Asia. Turkey steelmakers booked a single cargo, however, Japanese scrap prices observe marginal correction in the monthly Kanto monthly export tender. Chinese scrap prices lowered successively on sharp fall in Iron ore prices with three price cuts announced for domestic scrap purchase by Shagang Steel.
News ID: 5991    Publish Date : 2019/08/17

Indian iron ore export volumes for July’19 stood at 2.13 MnT, up 19% as against 1.79 MnT in June’19. On yearly basis, exports increased significantly compared to July’18 at 0.17 MnT.
News ID: 5980    Publish Date : 2019/08/16

In 1956, the giant Northshore Mining plant on the shores of Lake Superior was the first facility built in North America to make pellets out of taconite, a low-grade iron ore. It used a process developed at the University of Minnesota after the supply of high-grade natural ore in the state was nearly mined out.
News ID: 5969    Publish Date : 2019/08/16

World analytics market is full of different kind of forecasts, but mostly unworkable or partly workable. Actually, it doesn’t matter what price will be for raw materials, semifinished products or finished steel products. The target is to calculate the spread between raw materials and steel products. Let’s try to make a forecast from that side.
News ID: 5965    Publish Date : 2019/08/16

Locked in a prolonged face-off with the central mines ministry over the relaxation of mining lease area limits, the Odisha government may still pursue on auctions of 21 iron ore blocks presently under the leasehold of merchant miners.
News ID: 5964    Publish Date : 2019/08/16

Indian iron ore imports in July’19 have been recorded at 51,470 MT, according to the data maintained by SteelMint. Indian iron ore imports witnessed 28% decline for the month compared to 71,865 MT in June’19. The imports have dropped amid high global prices. Imports for the month recorded 5 years low as the levels were last witnessed in June’14 at 45,487 MT.
News ID: 5933    Publish Date : 2019/08/15

Directorate of Mines & Geology (DMG), govt. of Goa has notified lots for upcoming e-auctions. Majority of the quantity put under auction is of low-grade with highest grade reaching Fe 60.89%. Out of the total offered quantity, 4.04 MnT is ROM ranging from Fe 27.6-60.89%, 1.013 MnT is fines having Fe content 18.6-60% and 0.279 MnT is lump ranging from Fe 38.94-58%.
News ID: 5931    Publish Date : 2019/08/15

Chinese spot iron ore prices dropped today to USD 88.5/MT, CFR China, as on 13th Aug’19. The prices fell as against USD 95/MT, CFR China towards closing of last weekend. The drop is attributed to reduced demand, increased supply and lowered construction activities in China. Few Chinese mills have reached breakeven levels and hence, are moving ahead to limit production.
News ID: 5921    Publish Date : 2019/08/15

Most Like