HEADLINES

    • Steel firms hail Rail Budget, say it will spur demand
      India | Steel | 27th February 2015

      NEW DELHI: Languishing long over a chronic low demand, steel makers lauded the Rail Budget hoping their deliveries would pick up as government plans to spend Rs 8.5 lakh crore over the next five years on capacity building. Though there has been a marginal 0.8 per cent hike in the freight rate which...

      More

    • Iron Ore Price crunch stimulates losses to Vale
      Iron ore | Others | 27th February 2015

      With crippiling Iron Ore Prices, Brazil’s mining giant Vale SA reported a net loss in the fourth quarter as iron-ore prices fell by nearly half, the local currency weakened and impairment charges continued to pile up. Vale, the world’s largest iron-ore producer, reported a fourth-...

      More

    • Iron ore miner Vale boosts sales to China, Middle East in 2014
      Iron ore | Others | 27th February 2015

      Brazilian iron ore producer Vale sold more to China and the Middle East in 2014, as overall shipments of iron ore products to Europe and Japan dropped, the company said Thursday. Vale, the biggest iron ore producer, said it sold 313.6 million mt in 2014, of which China took 50.0%. China took nearly...

      More

    • Rail Budget sees increase in freight rates for commodities
      India | Freight | 27th February 2015

      As business owners of the metal industry expected some respite in the upcoming railway budget, but the figures came out as a shock for many. The government has decided hiked freight rate by 6.3 percent for coal, 10 percent for urea, 0.8 percent for iron & steel and 2.7 percent for cement...

      More

    • RINL Recruits fresh talent. CMD welcomes 60 Management Trainees
      India | Steel | 26th February 2015

      Vizag Steel Plant recruited a new batch of 63 management trainees, here Monday. This is the first time that the RINL recruited the candidates through GATE exam followed by an interview in the metallurgy, mechanical and electrical, finance and company affairs streams.

      More

    • India imported 2.9 million tonnes steel from China in April-January: Government
      India | Steel | 26th February 2015

      NEW DELHI: As much as 2.9 million tonnes of steel was imported from China in the first 10 months of the current fiscal, as against 8.1 MT of total inward shipments of the metal, the government said today. "As against imports of about 8.1 million tonnes of steel to India, during April 2014 to...

      More

    • Railway budget of grave importance
      India | Freight | 26th February 2015

      As the Rail Budget is currently being announce, it has gathered many eyes seeking the fact, that railways forms a very important factor in transfer of commodities. Since diesel prices have been on a slide huge expectations have built up on whether or not the Mr. Prabhu will go ahead and hike...

      More

    • 30 percent stock rise in JSPL after winning coal block
      India | Coal/Coke | 26th February 2015

      Last Thursday saw fortunes for share price of JSPL as it rose nearly 30percent than its value since last 8 yearsShares of Jindal Steel and Power Ltd (JSPL) rose as much as 29.13% to Rs.200after the company won the Gare Palma IV-2 and IV-3 coal mines in an auction. Shares of other metal companies...

      More

    • ICVL sees Coal india Exit for Exploring Coal in Mozambique
      Others | Coal/Coke | 26th February 2015

      The Coal India Ltd group (CIL) has decided to leave the International Coal Ventures Ltd consortium (ICVL), founded by Indian state companies to acquire and explore coal assets abroad, according to a statement filed with the Mumbai Stock Exchange. In a statement, the group said only that the board...

      More

    • Indonesia may impose 15% anti-dumping duty on steel products
      Others | Steel | 25th February 2015

      Indonesia plans to introduce a 15% anti-dumping duty on steel to prevent massive steel imports with the new duty likely to be implemented by March 2015. However, it's not the first country to introduce anti-dumping duty on steel products. Recently, China imposed anti-dumping duty on certain...

      More

    • Import duty barrier to firmer: Steel Companies amid weaker demand
      India | Steel | 25th February 2015

      As with the major commodities of the world displaying a poor price response. The steel industry as well has been passing through challenging times with rising input cost and falling demand. The margins of steel companies are squeezed with its inability to pass on the rising input cost to end user...

      More

oreteam indices

OreTeam Freight Index

Pellet Index India

Pellet Index International