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Iron ore pellet premium over 65% Fe fines, cfr China: $52.30 per tonne, down $3.40 per tonne. Key drivers Chinese steel mill margin continued to fall last week and some mills were even suffering from negative margins, due to the overall depressed demand for iron ore, a …

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India is the fourth largest producer of crude steel and the largest producer of soft iron in the world. Presently, the Indian steel industry employs around 500,000 people while the per capita consumption in 2013 stood at around 57.8 kilograms.

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India has been a regular exporter of iron ore to the Japanese steel mills (since 1963) and Posco, South Korea (since 1973). In the last renewal in 2018, a …

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India: JSW's iron ore sourcing from merchant market surges 53% m-o-m in Oct'21. 23 Nov 2021, 19:01 IST. Show more like this Show less like this. Fines/Lumps. China's iron ore demand weakens on low steel margins. 23 Nov 2021, 10:39 IST. Show more like this Show less like this. Fines/Lumps.

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Coking coal was now more expensive than iron ore from a budget perspective, with the overall input cost for the raw material rising to between 50% and 60% as of Sept. 20 since end-July, considering the sinter and pellet consumption rates, a European steel mill source told Platts. An end-user in India said that coking coal now accounted for over ...

The units in Bengal are the worst affected. The state, which does not have iron ore mines unlike neighbouring Odisha and Jharkhand, sources about 2 million tonnes ore monthly. Mill owners say supplies have come down to half and they fear it would slide down further. While a PSU Odisha Mining Corporation offers assured supply to steel mills ...

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While India sends most of its iron ore to China, it is a marginal player whose incremental increase in exports in volume terms in 2020 accounted for only 1.5% of the 1.4 billion tonnes that China ...

But it became one of the largest marketing company of steel in India and hence the name was changed. It was founded in the year 1976 and is headquartered in Bangalore, India. The KIOCL had one of the largest iron ore mine in the world as Kudremukh Mines, which was shut down by the Government of India in 2006 following some controversies.

India's largest iron ore producer. NMDC. NSE -1.11 % has lowered prices by around Rs 250-Rs450 a tonne for October deliveries, marking the third reduction after back-to-back increases. Coking coal prices, however, remain elevated. "Due to rising iron ore prices, which just softened and skyrocketing coking coal prices, Indian steel mills are ...

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For the rest of India, plants want to use more sponge iron, but its availability is also restricted. Secondly, sponge iron prices are also very high because of the high cost of iron ore pellets. "India cannot achieve its targeted production, as espoused in the Indian Steel Policy, by 2030-31 without the growth of the sponge iron industry.