Iron ore prices are likely to decline by 15-20 per cent this year on falling demand from global steel producers because of production cut, according to the latest Fitch Ratings report. For full story, click here
Iron ore prices are set to fall in 2009 after six years of price hikes as deteriorating demand triggers severe production cuts in the steel industry, Macquarie analyst Christina Lee said in a research note: After six consecutive yearly rises totalling almost 400 percent, iron ore prices are certain to fall due to major collapse [...]
Steep drop in iron ore prices in the global market may dent Sesa Goa’s profitability. For full story, click here
Prices of ore fines would fall by about Rs 500 per tonne. NMDC sells calibrated iron ore between Rs 4,000-5,500 per tonne and fines at around Rs 3,000 per tonne. For full story, click here
Prices of ore fines would fall by about Rs 500 per tonne. NMDC sells calibrated iron ore between Rs 4,000-5,500 per tonne and fines at around Rs 3,000 per tonne. For full story, click here
Prices of iron ore lumps would go down by Rs 1,000-2,000 per tonne depending on quality. Prices of ore fines would fall by about Rs 500 per tonne. For full story, click here
State-run mining giant NMDC Ltd has successfully negotiated a 102 per cent hike in export prices of iron ore from Japanese and South Korean steel mills, notwithstanding the global financial downturn. For full story, click here
Kalinganagar Industries Association, the industry body representing 10 industrial units in the Kalinganagar area in Jajpur district has sought the immediate reduction of iron ore and chrome ore prices by the Orissa Mining Corporation to save these units from being closed down. For full story, click here
The EU thought to favour benchmark pricing as the fairest way to set iron-ore prices for steelmakers. For full story, click here
State-run mining giant NMDC Ltd has successfully negotiated a 102 per cent hike in export prices of iron ore from Japanese and South Korean steel mills, notwithstanding the global financial downturn. For full story, click here
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