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India: Rungta Mines to Set Up Two Steel Plants

15 January 2019 - 20:34
In a step towards forward integration, leading merchant miner Rungta Mines Ltd (RML) has firmed up plans to install two integrated steel plants in iron ore-laden Keonjhar district with a combined investment of Rs 3500 crore.

Fortescue narrows February iron ore discounts

15 January 2019 - 14:20
Australian iron ore producer Fortescue Metals has further narrowed discounts on its major products for February delivery, as demand for low-grade ores continues to be strong in the Chinese market.

China's 2018 iron ore imports fall 1%, first annual drop since 2010

15 January 2019 - 14:02
BEIJING – China's 2018 iron ore imports fell by 1 percent from the previous year, the first annual decline since 2010, according to data from the General Administration of Customs on Monday.

Indian Steel Market Weekly Snapshot

14 January 2019 - 22:55
Indian Iron & Steel market remained on down trend during the first week of 2019, as the prices dipped owing to lack of domestic & export inquiries. As per participants, the prices significant on down trend as supply is high, than the sluggish demand.

Fire batters Rio Tinto's Cape Lambert iron ore export terminal

11 January 2019 - 06:36
The world’s No.2 iron ore miner, Rio Tinto, (ASX, LON:RIO) was forced to close part of its Cape Lambert export terminal in Western Australia after a fire damaged part of the installations.

NMDC Iron Ore Rake Movement Up Marginally in Dec’18

8 January 2019 - 02:17
India's largest iron ore miner -NMDC supplied a total of 336 rakes (1.29 MnT) of iron ore in Dec'18, up slightly on monthly basis, against 330 rakes (1.27 MnT in Nov’18. NMDC C.G had slashed iron ore price between INR 450-785/MT for Dec’18 via two successive price cut announced

NMDC Cuts Iron Ore Prices Upto 12% for January

8 January 2019 - 02:14
India's biggest iron ore producer, NMDC, has announced a price cut of about 10-12% in the price of iron ore for the month of Jan’19, SteelMint has heard from its market sources.

China portside iron ore keeps premium to seaborne

2 January 2019 - 18:51
Portside prices of mainstream fines in China retained their premium to seaborne prices in December as mills turned cautious, preferring to use yuan-based cash portside markets to meet immediate needs and buy lower-cost ores to narrow the spreads between brands.

China’s steel sector profits fall sharply in November

28 December 2018 - 13:23
China's steel sector profits fell by 26pc on the month in November, the sharpest month-on-month drop in profits this year.

Rio Tinto plans to list Canadian iron ore unit in early 2019

24 December 2018 - 21:01
Dec 24 (Reuters) – Anglo-Australian miner Rio Tinto is preparing to take its Iron Ore Company of Canada business public in the first half of 2019 by dual-listing it in New York and Toronto, people familiar with the situation told Reuters.
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