Iron ore

Need assurance that SAIL’s iron ore division won’t be moved out of Kolkata: West Bengal finance minister Amit Mitra

On Friday, Mitra wrote to Pradhan again asking why the Union steel minister chose not to address the “major question of dismantling of the RMD.”

Mitra also said that since the present dispensation came into power in Delhi, there has been “an ominous pattern of removing headquarters of PSUs from Kolkata which has been here for half a century and even a century”.

Iron ore exports: India puts an end to decades-old pacts with Japan, Korea

Supply shortage of the key steel-making raw material in the domestic market is due to truncated production in Odisha as a result of output stoppage from a number of merchant mines as their leases expired.

The agreement will enable India to secure international market for its ores and ensure stable economic ecosystem which provides direct and indirect employment in mining, logistics and related sectors.

States likely to auction 20 iron ore blocks in Financial year 2017

States are expected to auction around 20 iron ore blocks in the current financial year, including some of those which were left unsold in the last round. Odisha was the only state in the 2015-16 fiscal to have auctioned an ir

Iron ore

India’s iron ore prices unlikely to recover in near term: ICRA

India's iron ore prices are unlikely to recover in the near future given the high inventory levels as well as increasing production, credit rating agency ICRA said today.

Iron ore, steel rise on signs of property recovery in China

China's real estate investment in April kept pace with the previous month, as developers continued to start projects in response to surging home sales, which are giving a much-needed boost to the slowing economy, data showed

Iron ore China property

Global iron ore prices surge 20% on Monday, what next?

Iron Ore prices soared nearly 20 per cent to above $60 per tonne in the international markets on Monday .

iron ore

Government unlikely to heed industry’s demand to cut high-grade iron ore duty

The government had, with effect from April last year, reduced export duty on ore containing less than 58% iron to 10% from 30% earlier, but kept the duty on higher-grade ore at 30%

Bharat bandh: Strike hits NMDC; iron ore production down 75,000 tonnes

Bharat bandh: The strike was near total in Telangana-based Singareni Collieries Company Limited (SCCL) with about 80 per cent of its 58,000 employees participating in the protest.

iron ore

India to auction 20 major iron ore mines to revive industry

Once the world's third-biggest iron ore exporter, India now imports the steelmaking ingredient due to a court-led crackdown on illegal mining.

iron ore

Mineral-rich states told to start auction process, announce bidding dates

The mines ministry has tried to sweeten the bid criteria by proposing that preferred bidders would not be required to pay upfront payment or royalties at the prospecting licence stage.

iron ore

Domestic steel prices need to come down

Any further drop in global prices of iron ore, which is likely in May, the differential would go up.

‘Ore impost could almost nullify SAIL’s margins’

At a time when domestic steel demand is tepid, the potential additional outgo on captive iron ore, the key input that makes more than...

NMDC under pressure to reduce iron ore prices

State-run iron ore miner NMDC, which has refrained from a price rise of the vital input for steel industry for the current month...

RINL seeks to import iron ore

Floats a global tender asking for EoIs from major producers

129 MT iron ore lying at mine heads: FIMI

Higher export duty coupled with subdued global prices led to an unprecedented 129 million tonne of pile-up of iron ore stocks at the mine heads, miners' body FIMI...

Around 12 mn tonnes of iron ore stuck at Indian ports: Officials

Around 12 million tonnes of low-grade iron ore has been stuck at Indian ports for months, stranded as hefty export...

iron ore, iron ore Indian ports, iron ore export, iron ore export tax, iron ore buyers, Indian ports, Indian ports iron ore, steel producers, steel producers iron ore, steel producers news

Narendra Modi govt clears order to ease land acquisition rules in reforms push

India is considering passing emergency executive orders to ease land-acquistion rules...

Narendra Modi, rain affected farmers, narendra modi rain affected farmers, crop damage, aid for rain affected farmers, compensation for farmers narendra modi, narendra modi aid for farmers, narendra modi news
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