Steel Authority of India Ltd, the country’s leading domestic steel maker, hoped to get iron ore mining licence a key state that will help boost output. For full story, click here
Domestic iron ore price slipped in April with the accumulative decrement reaching CNY 10 per tonne to CNY 50 per tonne. For full story, click here
State-run NMDC Ltd. declared that iron ore prices for domestic steel companies for this fiscal within a month. For full story, click here
Domestic iron ore miners have reasons to cheer. Prices are inching up slowly and steadily and China is now purchasing iron ore at $50-60 per tonne from India, a good 25% jump from the bottom created in November last year. For full story, click here
The Steel Ministry declared that it is understood to be pushing for 15 per cent export duty on iron ore, besides a similar percentage of import duty on vital steel items to protect the interests of the domestic steel industry. For full story, click here
Thursday, August 13, 2009