BL declared that the Hassan-Mangalore Rail Development Company, which commenced its journey in freight handling during a high economic growth period when there was a boom in iron ore exports, seems to be witnessing the impact of the economic slump now. For full story, click here
Iron ore exports from Brazil slipped in May to their lowest level in 2009, amid persistent port congestion problems and rising inventories of the steelmaking ingredient in its biggest overseas market, China. For full story, click here
According to the related statistics, Brazil exported 279,000 tonnes of pig iron in March, dip by 30.9% compared to the same period of 2008. For full story, click here
The exports of iron ore, a key ingredient in steel manufacturing, plunged by 54 per cent in March from the year-ago period due to slowdown in world’s major economies like the US and the Europe. For full story, click here
India’s iron ore exports in the just-ended 2008/09 year may have dipped 8 percent and could fall a further 15-20 percent in 2009/10. Ravi Kastia, managing director and chairman of Essel Mining, stated: India’s volumes may go down because a lot more supplies are being tied up on long-term contracts by China. For full story, [...]
India’s iron-ore exports in March will decline as China, the world’s largest consumer of the steel- making raw material, reduces purchasing after stockpiles rose. For full story, click here
Goa’s iron ore industry which was badly affected due to global meltdown, is making a turnaround and exports may come close to last year’s though the revenue is expected to fall by nearly 50% for the current fiscal year. For more information, click here
India’s iron ore prices were steady from a week ago as Chinese buying persisted after a revival in December, exporters and a trade body official said . For full story, click here
The Indian Commerce Ministry is likely to planning to reduce export duty on iron ore. It is also planning to put forward a proposal with regard to waiving the additional railway surcharge on iron ore. For more information, click here
According to Federation of Indian Mineral Industries, India’s iron ore shipments declined by up to 20% in July 2008 due to imposition of 15% export duty and higher freight charges. For full story, click here
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