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Agreement Coking Coal Prices BHP and Indian Steelmakers Led to Increase Steel Prices
Indian steel maker signed an agreement with the coking coal price of BHP Billiton. Coking coal price approved for $200 per ton. Last year’s annual benchmark contract coking coal price of $ 129 per ton. Changes in coking coal prices are expected to affect the steel prices in India. The increases steel prices in India [...]
Australian Mining Company Riversdale Plans To Build Coal Mines In Mozambique
Riversdale is an Australian mining company which has mining exploration investment in some countries. The increase in demand for coking coal and thermal coal from the steel industry and power plants to encourage increased investment in Riversdale opening new coal mines to increase coal production, so the company can compete with other coal mining.
South Africa Coal Price Jumps To Ten-Month High
Prices for coal shipped from South Africa’s Richards Bay, site of the continent’s biggest export facility for the fuel, rose to a ten-month high on Asian demand and orders before the year-end holidays.
Export prices increased 96 c, or 1,4 percent, to an average of $68,45 a metric ton in the week ended December 11, according [...]
Steelmaker Company Against Joint Venture Iron Ore Mine Rio Tinto And BHP Billiton
Steelmaker largest company’s, Tata Steel, Posco and BaoSteel against joint venture from iron ore mining company Rio Tinto and BHP Billiton. Steel manufacturers expect the joint venture of the two iron ore mining companies (Rio and BHP) will allow both companies to control the supply of iron ore and iron ore prices.
World Steel Association, which [...]
SAIL Regulations : Indian Steel Product Prices Increase
Steel Authority of India (SAIL) has made a policy to increase the sales price of a certain steel products. Increase the price of steel products 1.500/ton Rs. Steel products such increases, Hot Rolled (HR) and Cold Rolled (CR).
India’s Iron Ore Mine Exports Increase To 13.9 million tones in January 2009
Rupee depreciation seems to have offset the impact of 5% export duty on Indian iron ore, thus acting as a boon for Chinese steel companies which are trying to slowly roll back production cuts announced in October 2008.
TATA Steel Plans Expand Seek Partnership Iron Ore Mine Company
BS reported that TATA Steel plans to become a partner in Canada based New Millennium Capital Corp’s USD 4 billion KeMag property, having iron ore reserves in excess of two billion tonnes.
India Central Government fixes 8% export duty on iron ore
The central government on Friday night is understood to have fixed an 8 per cent ad valorem duty on the export of iron ore fines, but Goan mine owners don’t see this as a respite.
Recently the Union government had announced export duty of Rs 200 per tonne of iron ore, while retaining 15 per cent [...]
Coal India Ltd Reports Coal Mine Project
In less than six months, the price of the coking coal in international market has more than doubled to $300-350 per tonne, and this has motivated the steelmakers worldwide to scout for reserves across the globe.
An interest has been shown by the world’s two leading steel companies Mittal, Tata Eye 18 CIL Underground MinesLuxembourg-based ArcelorMittal [...]
