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2 mins read
NMDC to spend ₹900 crore to increase iron ore production from Kumaraswamy Mines
An Expert Appraisal Committee under the Minister of Environment and Forests has given its green …
PTI
1 min read
Metal prices sink after China says it has zero tolerance for the commodity hoarders driving costs higher
China will show "zero tolerance" for monopoly behavior and hoarding to stop surging prices, said a …
Emily Graffeo
2 mins read
Iron ore is the latest commodity to hit a record high as the global economy reopens
"Market participants are trading iron ore derivatives like cryptocurrency...not based on fundamenta…
Will Daniel
3 mins read
Copper and iron ore prices are collapsing on growth worries and Chinese steel curbs after soaring on hopes of a swift economic recovery
Copper prices this week tested the 200-day moving average of $4 per pound for the first time in mor…
Carla Mozée
1 min read
NMDC slashes iron ore prices by Rs 50 per tonne
The revised prices exclude royalty, DMF (District Mineral Fund), NMET (National Mineral Exploratio…
PTI
3 mins read
China has decided to take global commodity bulls by their horns — to protect the profit margins of its small businesses
This has led to a sharp dent in sentiment in global commodity markets. Even in India, the metal …
2 mins read
Sensex, Nifty open in the green: SAIL, TVS Motor and Cochin Shipyard in focus
Indian benchmark indices, Sensex and Nifty, saw early gains on Monday despite mixed global cues. As…
1 min read
Steel sector may face short-term disruption in iron ore supplies with 232 mines expiry: Report
New Delhi, Nov 26 () With the leases of 232 merchant iron ore mines expiring in March next year, th…
PTI
1 min read
Relief For Domestic Steel Firms: NMDC Slashes Iron Ore Price
The current price of lump ore stands at Rs 4,200 a tonne. On the other hand, now the cost of fines …
1 min read
The Fed won't raise interest rates this month but rising oil prices could spur a future increase, top economist Mohamed El-Erian says
"There's no reason to fall into recession unless there's another policy mistake," Mohamed El-Erian …
Zahra Tayeb
6 mins read
Nifty50 set to clock 10% increase in profit in Q3; banks likely to outperform
Yet another earnings season has begun, as always, with IT services companies reporting a mixed set …
2 mins read
Jindal Steel, Vedanta and Tata Steel shed over a quarter of their value as their export dreams are quashed
A little less than half of the export business of all Indian steel companies will vanish – all than…
1 min read
Iron Ore Prices Tumble To A 5-Year Low
"We expect the government to lower its 2015 growth target to 7% [from 7.5%]," Barclays' Jing Chang …
Sam Ro
2 mins read
NMDC Hikes Iron Ore Prices To Boost Domestic Supply
The NMDC has raised iron ore prices by Rs 250-300 a tonne for June.
4 mins read
Investors cheer mega merger of seven metal subsidiaries with Tata Steel even as Sensex tumbles over 1,000 points
Tata Steel today announced the merger of its seven metal subsidiaries with itself. The company’s in…
2 mins read
Retail inflation is high due to food prices and an adverse base effect says Fin Min
"Prices of major inputs like iron ore and steel have sobered in the global markets. This coupl…
1 min read
Australia Iron Ore Has Crashed
A price of $60 a tonne was assumed in the government's MYEFO forecasts for the next two years, so t…
Greg McKenna
3 mins read
Indian ports witnessed a 4% decline in volume in July: Nomura
India ports saw a decline in port volumes in July even as truck utilisation improved. Adani Ports, …
2 mins read
Vedanta partners with IIT-B to develop green steel technology
Further Vedanta-Iron and Steel and IIT�B will collaborate on exchange of knowledge and technolog…
1 min read
Iron Prices Confirm That China's Economy Isn't Doomed
On that third point he writes: "Other market participants have maintained that the State Council ha…