CMDC looking for mine operator for Aridongri iron ore field 10th july 2018 The Chhattisgarh Mineral Development Corporation (CMDC) has invited bids from prospective operators for excavation, magnetic separation, crushing, screening, transportation and delivery of iron ore at Aridongri Iron Ore Mine in Kanker district of Bastar, officials informed. The iron ore deposit of Aridongri […]
SAIL raw material division logs record iron ore output, despatches volumes 10th july 2018 The raw material division (RMD) of Steel Authority of India Ltd (SAIL) has logged record growth in iron ore production and despatch volumes in the April-June quarter of this fiscal. The captive iron ore deposits under RMD’s control produced 5.19 million […]
NMDC iron ore output in June at 6.87 MT 10th july 2018 State-owned NMDC said it produced 6.87 million tonne (MT) iron ore in the month of June. While the output from Chhattisgarh mines stood at 4.78 MT, mines in Karnataka produced 2.09 MT iron ore, it said. The company sold 6.84 MT iron ore […]
NMDC cuts base price of ore by Rs 300 per tonne in Karnataka 10th july 2018 After a long-drawn battle with Karnataka’s steel producers, the state-owned National Mineral Development Corporation (NMDC) Ltd has cut the base price of iron ore by Rs 300 per tonne. Steelmakers of the southern state have welcomed the snip in […]
World crude steel production saw an increase of 6.6% in May 10th july 2018 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 154.9 million tonnes (Mt) in May 2018, a 6.6% increase compared to May 2017. China’s crude steel production for May 2018 was 81.1 Mt, an […]
China’s steel sector PMI strengthens in June 10th july 2018 China’s steel sector purchasing managers’ index (PMI) increased by 1 percentage point from a month earlier to 51.6 in June on the back of a rise in domestic and export orders. But the key steel production sub-index fell by 0.4 points to 52.5, indicating output […]
Shanghai steel prices sag as U.S. tariffs loom 10th july 2018 Chinese steel prices dropped on Friday ahead of the United States imposing tariffs on $34 billion in Chinese goods in a few hours, with further losses likely as the trade row between the world’s two largest economies threatens market stability. President Donald Trump confirmed […]
China’s steel base to further slash capacity 10th july 2018 Hebei Province is to continue huge capacity cuts in the next three years, according to a government plan announced on Wednesday. The province will slash capacity of steel and iron, coal, concrete, and coke by 40 million, 30 million, five million and 10 million tonnes […]
JSPL Q1 India steel sales up 46% YoY, flat QoQ 10th july 2018 Jindal Steel and Power Limited said steel sales volumes in India rose 46% in Apr-Jun quarter to 1.18 mln tons compared to the year ago. The sales number is at a similar level to the preceding Jan-Mar quarter, when the company had […]
JSW Steel to spend ₹7,500 crore to raise production capacity 10th july 2018 JSW Steel, a part of the diversified $13-billion JSW Group, announced on Wednesday that it planned to increase the annual steel manufacturing capacity of JSW Vijayanagar Works in Karnataka to 13 million tonnes per annum (MTPA) at a cost of ₹ 7,500 […]