Page 8 - Iron Ore

China's iron ore imports on track to top 1 billion tonnes; India shipments surge

Shipments from Australia, which account for nearly two-thirds of China's imports, rose 3% to 49.89 million tonnes last month

Iron ore awakens to hangover as stockpiles surge

The balance of risk for iron as well as copper is skewed to the downside as the dollar strengthens and the effects of Trump's win wear off

Steel PSU NINL gets green nod for Koida iron ore mines

NINL is the biggest producer and exporter of pig iron in the country

Low iron ore dispatches in Odisha hits supply and steel industry

Iron ore despatches are falling mainly because of the prevailing curb on night movement by road

Sponge iron, pellet makers also eligible to bid for iron ore mines

Secondary steel producers as well as related industries are also eligible for bidding for iron ore mines, clarified government

Odisha government is set to auction four mines

The state government has managed to sell off its Ghorhaburhani-Sagasahi iron ore block so far

Iron ore prices moderate on supply glut

BHP Billiton forecasts prices would fall below last year's low of $38.3 a tonne on supply from Australia and Brazil

Plan to cut export duty hits steel sector barrier

Firms say only value-added products must go abroad, not the raw material, especially with planned additions to capacity

Odisha to put up four iron ore blocks for auction in January 2017

In 2017-18, an additional eight mineral blocks in the state are expected to go under the hammer

Mines ministry awaits steel ministry's response on scrapping export duty on iron ore

The proposal would pave way for export of surplus high-grade iron ore (with over 58% iron content) in Odisha and Jharkhand

Iron ore traffic zooms 416% in April-June period

Total iron ore cargo shipped by major ports was 9.6 mt compared to 1.8 mt in the year-ago period

Vedanta moves court for Karnataka's iron ore export permit

First hearing in Karnataka High Court on Tuesday

Iron ore cargo zooms 523% through major ports

Helped by both domestic movement of ore and exports

Iron ore exporters hope for another rail freight cut

The rail freight rate for iron ore transport is now Rs 300 a tonne for both import and export

States likely to auction 20 iron ore blocks in FY'17

Karnataka will offer 14 iron ore blocks

Iron ore at risk of losing all of 2016's gains

Iron ore is at risk of losing all of this year's gains. Ore with 62 per cent content has sunk to $48.40 a tonne after posting the biggest monthly loss in about five years in May, according to Metal Bulletin Ltd. The drop has left prices that topped $70 in April less than $5 above 2015's close.The raw material has been whipsawed this year as signs of a demand revival in China spurred a speculative rally that lifted prices in the three months to April. The climb was reversed after a regulatory crackdown and as supply increased, raising volumes at ports. With output expanding, there's a possibility that 2016 will prove to be another losing year, according to Shenhua Futures Co."It seemed clear at the start of 2016 that iron ore was set to face another challenging year but the outlook has since been muddied by the surprise rally," said Wu Zhili, a Shenhua analyst. "Demand remains weak and supply is still increasing. There's a good chance prices will end the year lower."Should that forecast

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 and rising production, credit rating agency ICRA said on Thursday. "Given the substantial inventory levels at mine-heads and the fact India's ore production is slated to increase further this year, domestic iron ore prices are unlikely to recover meaningfully in the near term, thereby benefiting steel mills," ICRA Corporate Sector Ratings Senior VP Jayanta Roy said.

Lease expiry to create 66 mn tonne iron ore deficit in Odisha after 2020

Steel mills, other industries operating without captive ore sources to be hit hard as there is no roadmap for auctioning of the leases

Iron ore exports needs tax relief to compete globally

Fimi says it will also be challenging to restart the mines that were shut for four years and flooded by recent rains

Fall in iron ore prices is a pointer to commodities market fragility

No doubt 'structural and cyclical economic developments' in the past couple of years have painted the industry into a corner