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  • NMDC slashes iron ore prices by Rs 1,000/tonne Sep 06, 2021 08:55 PM IST

    NMDC slashes iron ore prices by Rs 1,000/tonne

    In the last revision announced on August 6, 2021, NMDC had fixed the price of lumps or high-grade iron ore at Rs 7,150 per tonne.

  • NMDC cuts prices of lump ore, fines by Rs 200 per tonne Jul 12, 2021 08:25 PM IST

    NMDC cuts prices of lump ore, fines by Rs 200 per tonne

    The revised prices exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee, and other taxes, the company said.

  • NMDC: Demand from steel industry holds the key Jun 24, 2021 09:28 AM IST

    NMDC: Demand from steel industry holds the key

    Iron ore prices have peaked for now; investors should watch out for the timeline and commissioning of the steel plant of NMDC

  • Higher commodity prices behind rise in exports to China in pandemic year Jun 23, 2021 01:53 PM IST

    Higher commodity prices behind rise in exports to China in pandemic year

    In the year, when the pandemic restricted trade, upended logistics networks and shut down factories, India's exports to China rose 27.7 percent in FY21. A closer look at official figures however show that the growth was fueled by higher prices of iron ores, organic chemicals and petroleum.

  • India's mineral production up 37% in April: Mines Ministry Jun 18, 2021 09:29 PM IST

    India's mineral production up 37% in April: Mines Ministry

    The production level of important minerals in April 2021 includes, coal 516 lakh tonnes, lignite 31 lakh tonnes, natural gas (utilised) 2,583 million cubic metre, petroleum (crude) 25 lakh tonnes, bauxite 16.61 lakh tonnes, chromite 6.36 lakh tonnes and gold 120 kg.

  • Interview| Gold prices to touch $2,035/oz by year-end; non-ferrous metal rally supported by higher demand prospects: HDFC Sec’s Tapan Patel May 27, 2021 04:07 PM IST

    Interview| Gold prices to touch $2,035/oz by year-end; non-ferrous metal rally supported by higher demand prospects: HDFC Sec’s Tapan Patel

    Patel believes silver prices will outperform gold in the long term with strong economic recovery post pandemic. The gold/silver ratio may see some recovery from current levels towards 75 while long term range is expected to remain at 60-80.

  • Exclusive | Commodity exports stopped India's trade from falling further in FY21 May 21, 2021 04:33 PM IST

    Exclusive | Commodity exports stopped India's trade from falling further in FY21

    Latest data from the Commerce department for FY21 shows that relatively low value commodities, including both unprocessed raw materials and processed bulk goods, managed to hold their own throughout the pandemic-ridden year. A rise in global commodity prices and unused capacity due to drop in local manufacturing meant many commodity exports even managed to grow in 2020-21.

  • Indian Railways handles highest-ever freight in pandemic year, up 2% over last year Apr 01, 2021 11:24 AM IST

    Indian Railways handles highest-ever freight in pandemic year, up 2% over last year

    Despite COVID-19 hurdles, incremental loading of around 80 MT was achieved between August and March, surpassing last year’s freight loading numbers

  • NMDC leaves iron ore rates unchanged Mar 06, 2021 07:45 PM IST

    NMDC leaves iron ore rates unchanged

    In a filing to the BSE, NMDC said it fixed the price of lumps or high-grade iron ore at Rs 5,100 per tonne, and that of iron ore fines or inferior grade ore at Rs 4,210 a tonne.

  • SAIL: Can it rerate further riding on a strong steel cycle? Mar 03, 2021 09:38 AM IST

    SAIL: Can it rerate further riding on a strong steel cycle?

    SAIL remains optimistic about steel demand on the back of higher infrastructure spending and strong rural growth. All eyes are on strategic divestment

  • Commodity market rally can disturb the equity market party Feb 24, 2021 09:59 AM IST

    Commodity market rally can disturb the equity market party

    High commodity prices may not be passed on, having a severe effect on the bottomlines of many companies

  • Steel price spike due to unanticipated rise in demand: S&P Global Platts Feb 03, 2021 03:58 PM IST

    Steel price spike due to unanticipated rise in demand: S&P Global Platts

    Keith Tan said the customs duty exemption announced in Budget 2021 could give India’s national scrap policy a boost by exposing buyers to greater volumes and varieties of scrap from various origins, which would compete with and spur the domestic scrap collection and processing industry.

  • NMDC produces 25.7 MT iron ore in April-January FY21 Feb 01, 2021 06:47 PM IST

    NMDC produces 25.7 MT iron ore in April-January FY21

    The company had produced 25.89MT iron ore during the corresponding period a year ago, NMDC said in a BSE filing.

  • Jindal Steel and Power: Higher steel prices and cheaper raw material led to record performance Jan 25, 2021 09:27 AM IST

    Jindal Steel and Power: Higher steel prices and cheaper raw material led to record performance

    Record performance in March 2021 quarter likely, Oman divestment is expected to close by March

  • China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90% Jan 20, 2021 03:15 PM IST

    China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90%

    Australian shipments rose 7 percent to 713 million tonnes (MT), while Brazilian supplies were up 3.5 percent at 235.7MT, data from China's General Administration of Customs showed on Wednesday.

  • SC seeks reply from Centre, 61 firms on PIL alleging duty evasion in iron ore exports to China Jan 15, 2021 09:02 PM IST

    SC seeks reply from Centre, 61 firms on PIL alleging duty evasion in iron ore exports to China

    It said export duty evasion on iron ore export to China has been continuing since 2015 and the Centre, on being told about this, did not issue even show cause notice to them and refused to stop said smuggling.

  • Steelmakers write to PMO defending price hike, demand iron ore export ban Dec 29, 2020 05:56 PM IST

    Steelmakers write to PMO defending price hike, demand iron ore export ban

    Hot-rolled coil prices have increased by 46 percent to Rs 52,000 per tonne in November as compared to Rs 37,400 per tonne in July this year. Rebar TMT, which is used in the housing and construction sectors, had touched Rs 50,000 a tonne, industry sources said.

  • Vedanta: Why do we see some trading gains in this stock? Dec 10, 2020 09:36 AM IST

    Vedanta: Why do we see some trading gains in this stock?

    Investors need to keep a watch on the increase in inter-corporate loan to Vedanta's promoter group

  • NMDC: Near-term outlook improves Nov 12, 2020 11:36 AM IST

    NMDC: Near-term outlook improves

    Any positive outcome regarding the Donimalai mine could change our volume assumptions about NMDC

  • NMDC hikes iron ore rates by Rs 300 a tonne Aug 12, 2020 02:00 PM IST

    NMDC hikes iron ore rates by Rs 300 a tonne

    In a filing to BSE, NMDC said it has increased the price of lumps or high-grade iron ore by Rs 300 to Rs 2,950 per tonne, and that of iron ore fines or inferior grade ore by Rs 300 to Rs 2,660 a tonne.

  • Iron ore prices on fire but steel companies may be cool with it Aug 12, 2020 01:13 PM IST

    Iron ore prices on fire but steel companies may be cool with it

    Iron ore prices seem unstoppable having crossed $120/tonne driven by China’s appetite for steel. What that means for India’s steel companies and for one mining company.

  • Govt plans to auction 5-6 mineral blocks in MP over next 3 months Jul 17, 2020 04:58 PM IST

    Govt plans to auction 5-6 mineral blocks in MP over next 3 months

    Of these mines likely to be auctioned in the three months' time in Madhya Pradesh, there will be two bauxite blocks, one iron ore and one rock phosphate.

  • NMDC cuts iron ore prices by Rs 400 per tonne May 12, 2020 08:35 PM IST

    NMDC cuts iron ore prices by Rs 400 per tonne

    The price of iron ore fines, which are inferior grade ore, has also been reduced by Rs 400 to Rs 1,960 per tonne.

  • Citigroup says iron ore to fall to $70 in coming weeks May 05, 2020 04:20 PM IST

    Citigroup says iron ore to fall to $70 in coming weeks

    The forecast sell-off has been slower than expected owing to stronger-than-expected Chinese construction activity and lower-than-expected Brazilian supply so far this year, analysts wrote.

  • Godawari Power gets green nod to augment production output of iron ore pelletisation plant Feb 14, 2020 12:51 PM IST

    Godawari Power gets green nod to augment production output of iron ore pelletisation plant

    "The Ministry of Environment, Forest and Climate Change has accorded its environmental clearance to Ardent Steel (a subsidiary our company) for enhancement of production capacity of existing iron ore pelletisation plant from 6,00,000 TPA (tonnes per annum) to 6,90,000 TPA through process optimisation without any further capital expenditure for the same," the company said.

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