World’s second largest iron ore miner- Rio Tinto has recorded increase in its CY18 shipments. Rio Tinto’s Pilbara iron ore shipments reported at 338.2 MnT, up against 330.2 MnT shipments in CY17 The rise owes to ramp of expanded mines and minimal

Indian iron ore export in CY18 recorded at 10.58 MnT. Exports witnessed a 47% drop against 19.91 MnT in CY17. On monthly basis, exports have dropped marginally to 0.825 MnT in Dec’18 against 0.83 MnT in Nov’18. However, exports have decreased significantly

Indian iron ore import in CY18 hit highest ever at 15.66 MnT, according to the customs data maintained by SteelMint. The imports have increased significantly on yearly basis as against in CY’17 to 5.5 MnT. On monthly basis, iron ore imports recorded

India’s biggest iron ore producer, NMDC, has announced a price cut of about 10-12% in iron ore for the month of Jan’19. Market participants were expecting a price cut looking at aggressive price cuts done by Odisha miners. Backed by successive price

Iron ore prices in Odisha, which is the largest iron ore producing state in India, has dropped 34% in last two months, as miners rush to increase production before their EC (Environmental Clearance) limit lapse for the current financial year. Total EC limit for

Global iron ore supply to grow in 2019 against previous year, as per forecast made by Mysteel – a leading market intelligence service provider on the Chinese metals and mining industry. Out of increase in iron ore supply forecasted, 18.9 MnT will

19% growth in iron ore production in first 10 months of current fiscal Pellet production up by 32% DRI output registers impressive Y-o-Y growth of 25%   Despite the fact that it is reeling under the effect of severe economic turmoil and

Odisha’s major merchant miner – Essel Mining and Industries has announced another price cut in iron ore recently. The miner has reduced iron ore prices by INR 400/MT (USD 5.6) in lump and INR 300/MT (USD 4) in fines w.e.f (17 Dec’18).This

The global iron ore pellets market and trade is surging at a phenomenal pace and 2019 will witness further acceleration in pellet demand and supply. Brazilian mining major Vale is negotiating a change in its 2019 iron ore pellet contracts from the current

India’s iron ore production increased by 11% Y-o-Y in FY18 and was recorded at 202.5 MnT. Will the growth in Indian iron ore production continue in this fiscal too? SteelMint has analysed output across major iron ore producing states and it is