Bloomberg reported that to the price of iron ore delivered China, the largest importer, climbed to a 14 month high in what Credit Suisse Group AG described as one last hoorah. According to the Steel Index, ore with 62% content at the ...
Tags: iron ore, China, India, iron price, iron ore market
FIMI has pitched for a drastic reduction in export duty on low grade iron ore to 5%from the present 30%,the current rate has rendered shipments unviable. Mr RK Sharma secretary general,Federation of Indian Mineral Industries said that"We ...
Tags: FIMI, iron ore fines, Federation of Indian Mineral Industries
PTI reported that Rashtriya Ispat Nigam,NMDC and MOIL,under the Steel Ministry,are looking to acquire iron ore assets in Brazil,the world's second largest exporter of the steel making raw material. A source said that NMDC had already ...
Tags: Acquire Iron, Brazil, Energy
A report tabled by the Comptroller and Auditor General suggests, iron ore miner National Mineral Development Corporation has suffered revenue loss of INR 745.94 crore during 2007-10 for not revising the domestic prices of the steel making ...
Tags: Iron ore pricing, Iron ore, iron ore miner, steel output
PTI cited government auditor CAG as saying that iron ore miner NMDC has suffered INR 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, due to ...
Tags: miner, iron ore, steel-making raw material, Steel Mills