Odisha

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In what has come as a blow to TATA Steel, the state government of Odisha has taken an “in-principal” decision not to put the Sukinda chromite mining block to auction in March 2020 when mine leases expire.
News ID: 6598    Publish Date : 2019/09/28

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

Putting to rest all speculation on the future of auctions of iron ore and associated minerals in Odisha , the Central mines ministry has upped the maximum area limits on such resources to 58 square km.
News ID: 6470    Publish Date : 2019/09/20

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

Neelachal Ispat Nigam Ltd (NINL), a public sector steel entity and largest merchant supplier of steel-grade pig iron in India likely to shut down its 700,000 MTPA Coke oven plant on financial crisis, SteelMint learned from market participants.
News ID: 6047    Publish Date : 2019/08/19

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

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

According to market sources report to SteelMint, central India based sponge makers have sourced pellets from Odisha recently.
News ID: 5727    Publish Date : 2019/08/05

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

Odisha contributes almost entirely towards chrome ore production in India. Chrome Ore Production in Jun’19 was noted to be 367,133MT. It is marginally low than the previous month’s production by 4%.
News ID: 5651    Publish Date : 2019/08/01

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

JSW Steel-- India's largest steel maker total iron ore sourcing recorded at 2.05 MnT in June'19. The sourcing witnessed 18% rise M-o-M as against 1.73 MnT in May'19. On yearly basis, sourcing fell marginally in June'19 as against 2.09 MnT in June'18.
News ID: 5244    Publish Date : 2019/07/17

Jindal Steel and Power Limited (JSPL), one of the India’s leading steel producer has released its steel output and sales figures today for Q1 (Apr-Jun) FY’20 results.
News ID: 5117    Publish Date : 2019/07/11

Odisha - India's largest iron ore producing state recorded a decrease in iron ore production for the month of May’19. Production in May’19 stood at 11.7 MnT.
News ID: 5009    Publish Date : 2019/07/03

Odisha contributes almost entirely towards chrome ore production in India. Chrome Ore Production in May’19 was noted to be 380,909 MT. It is lower than the previous month’s production viz., Apr’19 by 18%.
News ID: 4978    Publish Date : 2019/07/02

Dispatches of Chrome Ore by Odisha miners have increased by almost 8% in May’19 against Apr’19. TATA Steel remained the largest miner to dispatch 142,407MT of Chrome Ore in May’19 which is 37% high as compared to the previous month.
News ID: 4776    Publish Date : 2019/06/09

Prakash Industries Ltd (PIL) - one of the major steel producers in Central region of India has yesterday declared its financial results for the fiscal year 2019, in which the company's net sales & profit after tax (PAT) increased significantly.
News ID: 4640    Publish Date : 2019/05/26

Sponge iron market seems to remain strong, as per manufacturers in central & eastern India. Rising raw material prices & active demand are likely to keep Indian sponge iron prices supported, they added.
News ID: 4626    Publish Date : 2019/05/22

SteelMint has learned from the market sources that, few Odisha based major merchant iron ore miners are in discussions for revision in iron ore offers this week.
News ID: 4542    Publish Date : 2019/05/16

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