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Indian Industry Body Suggests The Imposition of a 30 Percent Export Duty

Jun 16, 2014

On June 13, the Indian industry body ASSOCHAM called on the Indian Minister for Commerce and Industry Nirmala Sitharaman and submitted a memorandum, strongly suggesting the imposition of a 30 percent export duty on iron ore pellets in the ...

Tags: Iron Ore Pellets, steel capacity

SSOCHAM Has Stated That The Indian Supreme Court Order for The Temporary Closure

May 26, 2014

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

Iron Ore Consumption in Domestic Steel Units Went up in December

Jan 7, 2013

Business Standard reported that iron ore consumption in domestic steel units went up in December after the Odisha government asked the miners to set aside half of their mineral production for local industries. In December, local crusher ...

Tags: iron ore consumption, iron ore, mineral production, local industries

NMDC Has Reduced The Price of Iron Ore Lumps by 5.9%

Jan 6, 2013

moneycontrol.com reported that Indian iron ore miner NMDC has reduced the price of iron ore lumps by 5.9% or INR 320 Per tonne for the current month mainly to align rates with the landed cost of the imported raw material. At a Board ...

Tags: India, iron ore, NMDC, raw material

MDC Is Likely to Hike Prices of Iron Ore for January, as Global Ore Prices

Jan 5, 2013

Business Line reported that NMDC is likely to hike prices of iron ore for January, as global ore prices rallied strongly this month in the wake of a demand revival from China. Sources said that the iron ore miner, which currently fixes ...

Tags: NMDC, iron ore, global ore prices, ore market

NMDC Is Working out a Method to Enter Into Long Term Supply Contracts with Buyers

Dec 14, 2012

Business Standard reported that NMDC Ltd is working out a method to enter into long term supply contracts with buyers for its iron ore produced and sold through e-auctions in Karnataka. The company, in its recent submission to the ...

Tags: NMDC Ltd, iron ore, Karnataka, e auction

State Government Would Be Mandatory for Mining Lessees to Sell 50% of Iron Ore Lumps

Dec 12, 2012

In a significant move to ensure availability of raw material to industries in Odisha, the State Government has decided that it would be mandatory for mining lessees to sell 50% of iron ore lumps and fines extracted by them but not to put to ...

Tags: raw material, iron ore lumps, steelmaking units

Steel Makers in Chhattisgarh Want Odisha Model in The State for Their Survival

Dec 11, 2012

Reeling under serious raw material crises,steel makers in Chhattisgarh want Odisha model in the state for their survival. Mr Anil Nachrani President of Chhattisgarh Sponge Iron Manufacturer's Association said that"We demand the state ...

Tags: raw material crises, steel makers, Odisha model, iron ore

NMDC Is Exporting It to Japan at a Much Lower Price Than What Domestic Steel Industry Pays

Dec 4, 2012

Of late, there are allegations that the nation's largest iron ore producer, government owned NMDC, is exporting it to Japan at a much lower price than what the domestic steel industry pays. Also, with Mr CS Verma being the chairman of ...

Tags: ore producer, NMDC, sponge iron

NMDC's E Auction for Iron Ore Lumps Again Found Few Takers on November 20th

Nov 27, 2012

The Economic Times reported that NMDC's E auction for iron ore lumps again found few takers on November 20th with less than 1 to 10 of what it put up for sale. In half a dozen E auctions held recently, NMDC has found that almost 93% of ...

Tags: NMDC', Nmdc E Auction, Iron Ore, India

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