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IRON ORE PROCUREMENT
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 27%, according to analystsWe are in a phase in the US-Israel-Iran war where statements are made, then retracted. And, in a matter of just 48 hours, they are made all...- Jindal Steel and Power bags Kasia mine at 118% premium“The mine isn’t cheap but is commercially viable and value-accretive as this is the best iron ore mine in Odisha with high Fe and low alumi...
- Primary steelmakers face production glitches in Q2 due to iron ore shortageIndia’s April to July 2020 iron ore production shrunk 50% from last year and the Indian Steel Association (ISA) sought a ban the export of ...
- India's secondary steelmakers are facing troubles in procurement of iron oreDue to the supply shortage, iron ore prices have shot up around 35% since April. This is because of low production and no dispatch by the m...
- Makers of sponge iron seek 30% duty on pellet exportsSponge iron manufacturers say that if iron ore pellets are converted into sponge iron, India can reduce dependency on imported steel scrap.
- KIOCL to import 2 million tonnes of iron ore from Iran, BrazilKIOCL produces iron ore concentrates and iron oxide pellets for domestic firms and also exports the same to companies in Iran, Taiwan and o...
- JSW Steel sees ore supply improving at Vijayanagar unitJSW Steel expects iron ore supply situation at its Vijayanagar unit to improve in the near future, which would enable it to run the unit at...
- Andhra Pradesh allots captive iron ore mines to Vizag SteelAndhra Pradesh government on Wednesday allotted 5,342 hectares of iron ore mines to Rashtriya Ispat Nigam Ltd (RINL), popularly known as Vi...
- Goa government to inspect a mine for suspected illegalitiesThe Mines Department suspects that the mine owned by one Damodar Mangalji has been funneling illegally extracted ore through its lease.
- JSW Steel October production down 2% at 5.7 lakh tonneJSW Steel said its Vijaynagar plant could utilise only 67 per cent of its installed capacity due to shortage of iron ore.
- JSW Steel hits 52-week low on CBI raid report; Morgan Stanley downgrades to 'under-weight'JSW Steel touched their 52-wk low of Rs 540 on reports the CBI has conducted searches on the company's premises for illegal mining
- JSW Steel buys iron ore at 25-30% premium to market priceSajjan Jindal’s JSW Steel has procured 1.17 lakh tonnes of the feedstock at 25-30% higher prices in e-auction directed by the Supreme Court.
- Low ore supply to hit JSW Steel productionThe Sajjan Jindal-controlled steelmaker needs about 50,000 tonnes of iron ore daily to feed its 10 million tonne facility at Vijayanagar.
- JSW Steel refutes Karnataka Lokayukta claims; shares dropJSW Steel Ltd on Thursday denied all allegations drawn by Lokayukta report against the company on procurement, transportation of iron ore i...
- NMDC hikes domestic iron ore prices by up to 40%In a major blow to steel makers like Essar, JSW, Ispat and RINL state-run mining giant NMDC Ltd has hiked iron ore prices by up to 40 per c...
- Ola writes to PM for review of export duty on iron oreMines Minister Sis Ram Ola has sought Prime Minister Manmohan Singh's intervention in reviewing present policy for export duty on iron ore,...
- MSTC plans e-auction for iron oreState-owned trading firm Metals and Scrap Trading Corporation (MSTC) plans to offer e-commerce services for iron ore trading through e-auct...
- Wait for NMDC's ore price gets a bit longerState-run National Mineral Development Corporation (NMDC) has withheld the announcement of prices of the most important raw material in ste...
- RINL mulls taking over Bird Group for meeting iron ore needsState-run steelmaker Rashtriya Ispat Nigam Ltd has proposed to acquire the entire Bird Group of Companies.
- Paswan seeks PM's intervention on ore export issueThe Steel Ministry has sought Prime Minister Manmohan Singh's intervention in capping export of high grade iron ore from the country and de...
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