The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has stated that the Indian Supreme Court order for the temporary closure of about 26 iron ore mines in the Indian state of Odisha may result in a significant fall in ...
Tags: Iron Ore, import duty
Cat was finally out of the bag on the 3rd day in New Year. Even though not coming as a surprise the muddled pattern gave indication of inherent diffidence. As reported earlier by us on January 1st, it is learnt that HRC price is hike by ...
Tags: HRC price, India, steel mills, steel price
Business Standard reported that the shortage of iron ore seems to have hit steel companies in the small and medium segments the hardest. According to recent data by the Joint Plant Committee, the non alloy and carbon steel segment saw ...
Tags: iron ore, India, non alloy, carbon steel segment
Business Standard reported that the sponge iron industry in Karnataka, which accounts for about 22 % of the state’s total iron and steel industry, is in doldrums owing to acute shortage of iron ore. As per report, while a majority ...
Tags: Iron ore, Iron, ore, steel industry
Business Standard reported that JSW Steel Limited is likely to take further cuts in steel production if the iron ore supply situation does not improve in the next one month. As per report,JSW is currently working with an inventory ...
Tags: JSW Steel, Iron Ore, Production
Indian JSW Steel said that its crude steel output dropped by 21% from a month ago to 603,000 tons in November due to iron ore shortage and the ongoing shutdown at on Corex iron making furnace at its Vijayanagar works. It’s known ...
Tags: JSW Steel, crude steel, crude steel output, iron ore
Visa Steel Ltd will sell new shares to fund INR 17 billion expansion and cut debt,as it tries to end six straight quarters of losses. Mr Vishambhar Saran chairman of Visa Steel Ltd said that the sale at the right price will reduce the ...
Tags: Visa Steel, shares, cut debt, six straight quarters of losses
As per data reported by Joint Plant Committee, Indian steel demand grew by just 0.4% to 5.65 million tonne in November 2012. According to Nomura Equity Research, with almost no growth in October to November 2012, steel demand growth over ...
Tags: Joint Plant Committee, Indian steel, steel demand, steel
Business Standard cited Mr Sushim Banerjee director general of INSDAG as saying that iron ore shortage will hit the industry hard but the steel industry did not pay attention to beneficiation or pelletization, which could enable it to use ...
Tags: Iron Ore Shortage, pelletization, beneficiation, ore's grade, Iron Ore
PTI reported that seeking immediate intervention of Steel Ministry, steel producers from Karnataka said they may have to shut their shops due to shortage of iron ore and its higher prices. As per report, there are 37 units which are ...
Tags: Ore Crisis, steel, steel market, Indian steel