Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.
Interested and eligible bidders can participate in bidding only after purchasing of tender document on payment of INR 500,000 plus taxes per tender document .
- Last date of sale of tender document – 03 Jun’19
- Bid due date (Technical + Initial Price offer ) – 12 Jun’19
- Opening of Technical Bids – 13 Jun’19
- Announcement of Technically Qualified Bidders – 20 Jun’19
- Opening of Initial Price offers of Technically Qualified bidders – 24 Jun’19
- Announcement of Preferred Bidder – 01 Jul’19
Prior to this, Department of Mines and Geology (Govt. of Karnataka) had floated the tender to grant 08 different Iron ore blocks in Karnataka belonging to category “C” mines
Godawari Power and Ispat Limited (GPIL) - one of the largest steel producers based in central India has released its operational results for the first quarter of FY’20 ending Jun'19.
Sarda Energy and Mineral Limited - one of the integrated steel producer based in central India has released its operational results for the first quarter of FY’20 ending Jun'19.
Induction furnaces based in Jindal's industrial park in Punjipatra, Raigarh (Central India) has reported 12 hrs (50%) power cut by Jindal power ltd (JPL) since yesterday.
Turkey, the world’s largest ferrous scrap importer, has observed increase in imports of ferrous scrap, Iron ore, Semi finish & Finish products in Q2’19 on a quarterly basis, as per recent data released by the customs department. The country's crude steel production recorded at 16.99 MnT in H1’19, down 10% as against 18.86 MnT in H1’18.
Indian steel prices rallied today following rumours in the market saying that Indian government has imposed safeguard duty on temporary basis by 20-25% on imported flat steel. However no official confirmation or official circular was received till the time of publication this report.
Australia - world's largest iron ore exporter has recorded fall in iron ore shipment in July’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 71.03 MnT in July'19, down 7% as compared to 76.31 MnT in June’19.