Iron Ore Prices

Metal stocks melt as China state planner's stimulus plans disappoint, iron ore prices tumble

China's National Development and Reform Commission (NDRC) disappointed investors by withholding major new stimulus measures, despite expressing confidence in meeting the country's economic target for the year.

NMDC stock in focus on strong sales growth, ore prices hike amid rising global demand

NMDC recorded iron ore production of 3.04 million tonnes in September 2024, a 1.3 percent increase compared to the same period last year, while sales rose 13.8 percent YoY to 3.54 million tonnes.

Metal stocks soar, NMDC leads gains amid surge in iron ore prices, China stimulus

Iron ore prices skyrocketed nearly 11 percent following the easing of home-buying restrictions in three of China's largest cities—Shanghai, Guangzhou, and Shenzhen.

Iron ore prices struggle at multi-year lows in a 'challenging' global environment

Prices of iron ore have been slipping this year, down more than 33 percent, to test multi-year lows as domestic consumption from China remains weak, with no sign of any recovery.

NMDC slashes lump ore price to Rs 5,350/tonne, fines to Rs 4,610/tonne: Report

This price cut follows an earlier adjustment in early July, when NMDC had already reduced lump ore prices from Rs 6,450 per tonne in June to Rs 5,950 per tonne.

NMDC hikes iron ore prices

Consequent to the revision, a tonne of lump ore will now cost Rs 6,200 and fines Rs 5,260.

NMDC cuts iron ore prices by Rs 200 on global cues

Analysts expected the cut from India's largest iron ore producer as global prices have corrected over the past two months

Surprise slump in iron ore prices poses risk for India’s steel producers

China’s property sector needs a more robust stimulus, barring which a shadow over iron ore prices may continue as steel-makers will taper output

NMDC raises iron ore prices by Rs 200 as steel raw material demand spurts

NMDC raised lump ore prices to Rs 5,600 per tonne and fines increased to Rs 4,910 per tonne

Tata Steel: Profit share from India to rise in the long term

Tata Steel India operations are integrated and the majority of incremental profits will come from India, given the capex guidance.

Will meet in March to decide whether to hike prices: NMDC

Country's top iron ore producer NMDC‘s net sales was down 13.46 percent to Rs 7,500.02 crore. The company‘s chairman, CS Verma blamed it on Bailadila region's broken pipline. They were selling about seven to eight million tonnes of iron ore through it and since last one year they could not get any advantage of it.

Iron ore prices likely to fall to $120-130/t: Roger Manser

Consultant at Steel Business Briefing Roger Manser sees iron ore prices falling to USD 120-130 dollar per tonne.

Japan quake to lift Chinese steel exports: ex-CISA official

Japan's quake and current power crisis will hit the country's steel production, and in turn significantly boost export demand for China's long products, said a former official of the China Iron & Steel Association.