India 's eastern state of Odisha has put one of the country's largest iron ore blocks up for auction, as the state begins the process of finding new owners for several mining leases that will expire on 31 March next year.
News ID: 6584 Publish Date : 2019/10/09
India n coking coal imports moving through 12 key state-controlled ports totalled 29.3mn t in the first six months of the 2019-20 fiscal year starting 1 April, an increase of 15pc from a year earlier despite weakness in the steel sector.
News ID: 6583 Publish Date : 2019/10/09
The Chief Minister of Andhra Pradesh, India , YS Jagan Mohan Reddy, sanctioned an order to cancel bauxite mining in Visakhapatnam District. The order cancelled bauxite mining lease in 3,030 acres of land, in the forest areas of Visakhapatnam, awarded to Andhra Pradesh Mineral Development Corporation (APMDC) by the previous State Government.
News ID: 6529 Publish Date : 2019/09/23
Southern India based pellet maker – KIOCL participated Karnataka iron ore e-auction on 21st Sept 2019. Company has procured around 8,000 MT fines (Fe 59%) from Iyli Gurunath Iron Ore Mine Karnataka at INR 2,065/MT (basic prices, taxes extra).
News ID: 6483 Publish Date : 2019/09/23
India n Silico Manganese prices fell in both the domestic and export market for the eighth straight week. In the domestic market, buyers are negotiating for lower prices but producers are trying to hold on after having had to continuously lower their prices to significantly low levels.
News ID: 6481 Publish Date : 2019/09/23
According to the market sources report SteelMint that fallen in global iron ore fines price India n low-grade iron ore fines (Fe 57%) export prices have also decreased.
News ID: 6479 Publish Date : 2019/09/21
South India (Karnataka) based - NMDC Donimalai pellet plant has increased offers by INR 200/MT to INR 6,200/MT (FoT basis).
News ID: 6475 Publish Date : 2019/09/20
This week SteelMint learned from market sources that India n HR-Plate prices have witnessed further correction by INR 750-1000/MT in the domestic market.
News ID: 6461 Publish Date : 2019/09/12
JSW Steel, India 's largest private steel producer has released its monthly crude steel output results today for Aug'19. The company witnessed a slump in overall steel production in Aug’19.
News ID: 6454 Publish Date : 2019/09/11
Vizag Steel, a leading state-owned Pig iron producer, and exporter, has issued a new export tender of 25,000 MT basic grade steel making Pig iron for any country other than Nepal.
News ID: 6453 Publish Date : 2019/09/11
India n Silico Manganese Prices went further down in line with low demand and bearish Steel Market sentiment. Demand is weak in both domestic as well as global markets. Producers are selling at much lower levels to clear their inventories. It is mostly a buyer’s market now, as buyers are negotiating aggressively and the producers are under severe selling pressure.
News ID: 6452 Publish Date : 2019/09/11
India n Ferro Chrome Producers have limited stock with them due to temporary discontinuation of Chrome ore dispatches in the Jajpur area. Producers are struggling to fulfill their pre-booked orders. Prices are increasing in line with the confluence of factors such as:
News ID: 6449 Publish Date : 2019/09/11
This week SteelMint heard from its trade sources that domestic HRC prices slumped further by INR 500-1000/MT in traders market post announcement of roll over in flat steel prices by major steelmakers in month of Sep’19.
News ID: 6448 Publish Date : 2019/09/11
As per bulk vessel line up data maintained with SteelMint, South Africa iron ore export shipments to India continued to remain nil for second consecutive month in Aug’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 8,000/MT, delivered Kandla.
News ID: 6445 Publish Date : 2019/09/10
Western India (Rajasthan) based pellet maker -Jindal SAW increased pellet (Fe 63%) offers by INR 200/MT for the week. Current offers are at INR 8,000/MT (delivered Kandla) as against INR 7,800/MT towards the beginning of last week. The pellet maker is learned to have concluded deals at last offers of INR 7,800/MT following which it raised its offers. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 6442 Publish Date : 2019/09/10
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
Steel Authority of India Ltd (SAIL) has reduced pig iron (steel grade ) offers by INR 400/MT ($ 6) from its Bhilai Steel Plant (BSP), SteelMint learned from market sources.
News ID: 6415 Publish Date : 2019/09/07
According to provisional data released by Joint Plant Committee (JPC), India ’s finished steel exports (non-alloy steel +alloy and stainless steel) surged on monthly basis and stood at 0.983 MnT in Aug’19 as compared to 0.460 MnT in the previous month.
News ID: 6407 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
Southern India based pellet maker - KIOCL has concluded pellet export deal yesterday (i.e 03rd Sept’19) to China. The company concluded 50,000 MT pellet consisting of Fe 64% content with less than 2% alumina. As per the sources, the deal was concluded at around USD 98/MT, FoB India , which will be equivalent to USD 112-113/MT, CFR China.
News ID: 6380 Publish Date : 2019/09/04