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Steel Company Arcelormittal Plans Iron Ore Purchases Increased In 2010
Indian steel maker, ArcelorMittal planning to increase purchases of iron ore in 2010. Increased purchases of iron ore in anticipation of shortage of iron ore that will be used to produce metal, special steel production. ArcelorMittal is also trying to improve its self-sufficiency in coking coal by 20 percent to 25 percent, from 15 percent.
Indian Steel Manufacturer: Tata Steel And SAIL Requested Allocation Of CIL Coal Mines
Companies India’s largest steel maker, Tata Steel and SAIL submitted proposals to the government of India to obtain allocation of coal mines Coal India Ltd’s (CIL). Efforts to get the coal mines run by small for the anticipated increase in coal material procurement costs, especially coking coal, energy for steel production process.
India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
Steel Companies Expect Iron Ore Prices Increase 50 pct
Iron ore prices have fallen 33 per cent, coking coal prices have gone down 60 per cent.
Steel companies can finally breathe easy. At least three companies — JSW Steel, Ispat Industries and Essar Steel — are likely to enter into long-term raw material purchasing contracts soon and the savings on input costs could be as [...]
Low spot iron ore and coking coal prices should benefit NMDC and JSW Steel
Historically, the commodity cycle follows the economic cycle and this time is no different. The liquidity crisis and its cascading effect on real economies across the world have pulled down prices of commodities, including iron ore and coking coal.
India Iron Ore Industrial Change and Development
India is the world’s third-biggest supplier of iron ore after Australia and Brazil. Here are some key facts about the Indian industry :
PRODUCTION :
- India produces more than 200 million tonnes of iron ore annually and exports about half of that.
- There are about 500 mines, half of which are operational. These mines are held [...]
Iron Ore Price Contracts Trends in 2009
Global iron ore trade, which is dominated by companies like BHP and Rio Tinto and Vale of Brazil, is poised to see radical new price trends in 2009, thanks to production cuts and volatile market conditions in the last few months.
Brazilian Biggest Mining Company, Vale Launches Construction of Coal Mine Exploration Project in Mozambique
Brazilian mining giant Vale on Friday launched the construction of a $1.3 billion coal project in northern Mozambique, with the capacity to produce 11 million tonnes of coal per year.
KMPG Reported Investment in Mining Exploration and Production in India
The massive infrastructure investment planned by India and China during 2009 could lead to a surge in iron ore prices again even as valuations have reduced as a result of falling prices which have had a knock-on effect on long-term iron ore contracts.
