NEW DELHI: Government has reduced the export duty on iron ore pellets to zero from 5%, a move that will make the commodity more competitive amid subdued demand and weakening prices.
1 · December 8, 2018. BEIJING (Reuters) – China reported far weaker than expected November exports and imports, showing slower global and domestic demand and …
Global contestable iron ore demand is estimated to have increased 1.8 per cent YoY to 1,551 Mt (62 per cent Fe equivalent, dry basis) in calendar year 2017, the highest annual growth rate and demand volume since calendar year 2014.
2012-07-18· Iron ore fines, dust that currently does not find a market in India, comprise more than 90 percent of the nation's iron ore exports. An increase in export duty and railway freight and a drop in ...
Domestic pellet manufacturers, both captive and merchant players, are looking at higher capacity utilisation and better margins on firm Chinese demand. Pellet makers are also gaining in ...
Demand for scrapping iron ore export duty gathers pace | Business ... Aug 11, 2014 ... With a drop in iron ore prices in the international market, domestic players have ...
With a drop in iron ore prices in the international market, domestic players have once again revived the demand for abolishing export duty. "The 30 per cent export duty coupled with mining ban ...
2010-03-11· India's export taxes on iron ore and plans to ramp up supplies to domestic steel mills will cut shipments to key buyer China in the long term, and aid miners wrangling for a steep hike in term ...
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The World Steel Association said Friday it expects Chinese steel demand growth to run flat this year and fall 2% in 2018 as a slowdown gathers pace. In October, Worldsteel said it expected a 2% contraction in 2017 steel demand.
Iron ore prices fell again on Wednesday as the outlook for steel demand in China – responsible for consuming 60% of the world's iron – continues to darken. The benchmark import price of 62% ...
The protectionist measures imposed by India's government previously included an export duty tax of 30% on high-grade iron ore. Many within the mining sector are of the opinion that the export ...
China steel estimates jar with iron ore's search for support - Read this Platts metals news article here. Plus discover more metals market news, products & services.
9/12/08 INTERFAX-CHINA - Lower iron ore demand from China is a major factor behind the sliding Baltic Dry Index (BDI), a measure of the freight rates of raw materials, which plunged from above 10,000 points five months ago to around 5,000 points on Sept. 9, industry analysts told Interfax on Sept. 10.
Iron ore exports to China from Australia's Port Hedland, which handles about a fifth of the global seaborne market, rose 38 percent in November from the same month last year in another sign of ...
Bloomberg- investment in iron ore washing gathers pace in india,Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News For more local news from India, visit Bloombergquint Bloomberg the .Political economy articles on Mineweb - Mineweb - The world,Debt boom ...
Total imported iron ore volumes are down by 0.8% in the first seven months from last year. The slowdown has been going on for more than a year now, with H2 …
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Iron ore exports in H1 FY14 have declined by 56% to 8.2 MnT which were at 14.65 MnT in H1 FY13. Iron ore exports from India have been declining gradually over the passing time. India was once the third largest Iron ore exporting country in the global market.
More significantly, exports of lump ore bearing iron of less than 58% were also spared the duty of 30%. The much-demanded concession gave a breather to the state's iron ore mines. The much-demanded concession gave a breather to the state's iron ore mines.
Iron ore has slumped below US70 a tonne for the first time since November 7 as it extended a losing streak to five days.
Because iron ore prices have dropped significantly over the last two or three years (down to about $60/ton for what's called 62-percent ferrous content) when you figure out the cost for making steel from the iron ore integrated process using coke, coal and iron ore – there is a terrific cost advantage there now over scrap, because scrap prices have gone high due to the strong demand.
Iron ore prices hit the lowest level since November 2009 on Tuesday as the commodity crashed 4.6% closing at $94.80. The dive proved a drag for producers of the commodity, particularly companies ...
Iron Pellet is a sustainable and secured raw material source for Indian Steel Industry, which is growing at a fast pace and has been battling an Iron ore supply crisis since FY12. In last few months, Iron Pellet exports have picked up sharply supported by weak Rupee against USD …
Iron ore exports from India witness a growth in Q2 FY14 but its overall exports have declined continuously in past years.
2015-06-03· Iron ore derivatives volumes have yet to match the roughly 1.3 billion tonnes of physical seaborne iron ore traded globally each year, as the market still lacks the participation of global iron ...
At present, there is an export duty of 30 per cent on low-grade iron ore. Iron ore is a key ingredient in steel making. Iron ore is a key ingredient in steel making. Further, Sharma was of the view that as against the production of 155.90 million tonnes (MT) of iron ore in 2015-16, domestic demand …
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