India’s iron ore consumption is slated to increase to 255-260 million tonnes (mnt) by financial year 2024-25 (FY25), as per a SteelMint forecast. In FY2019-20 (FY20), iron ore consumption was at around 185-190 mnt. This indicates that the jump in FY25 compared

Iron ore sales in Karnataka dropped to their lowest level in over two years to a little under 1 million tonne (mnt) in June 2022 due largely to the confusion surrounding sales and dispatches following the Supreme Court’s verdict in late May

Iron ore and pellet export shipments fall 90% in June,hits 7-month low With export duties in place, shipments to remain low Iron ore and pellet production to get impacted India’s exports of iron ore and pellets have plummeted to the lowest level

After the closure of mining activities since 2018, Goan iron ore industry now see some signs of respite as the state’s chief minister Pramod Sawant has said that the auctioning of iron ore mining leases would begin within the next two to

In a move that aims to spur growth of vehicle recycling agencies across the country and increase adoption of electric vehicles, the Ministry of Road Transport and Highways (MoRTH) has proposed a draft notification for scrappage of vehicles older than 15 years.

China, the world’s largest ferrous scrap consumer, has witnessed a jump in its domestic ferrous scrap prices to above USD 400/MT, a record new 2019 high following supply tightness amid seasonal issues, high utilisation rates for electric arc furnaces (EAFs) and new

Neelachal Ispat Nigam Ltd (NINL), a public sector steel entity and largest merchant supplier of steel grade pig iron, is battling raw material crisis on financial issues. Sources privy to the development said, NINL is battling hard to buy iron ore on

Iran’s steel industry has been growing rapidly in recent years in line with the country’s ambitious plan to raise output to 55 million tonnes per year by 2025.The country’s crude steel output in 2018 stood at around 22.8 MnT, registering a surge

The hype around graphite electrodes demand and prices that started in the latter half of 2017 due to supply-side structural changes in China seems to have subsided with GE demand exceeding supply in China and country’s subsequent exports of its produce to

Vehicle recycling is gaining momentum in India. The country’s first vehicle recycling facility was formed by a joint venture between Mahindra Accelo and MSTC Ltd, a Government of India enterprise. SteelMint, caught up with Mr. Vijay Arora, Vice President, Strategy, Operations and