HEADLINES

    • JSW Steel Production Rises To 4% In FY15
      India | Steel | 21st April 2015

      JSW’s crude steel production rises 4% to 12.63 million tonnes (MT) for the 2014-15 fiscal. "The company produced 12.17 MT of crude steel in 2013-14", JSW Steel said in a regulatory filing to the Bombay Stock Exchange (BSE). "The company also recorded 12% growth in its long...

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    • WSA Predicted Steel Demand To Decline In China
      Iron ore | China | 21st April 2015

      According to the World Steel Association, steel demand in China will decline this year and next to extend the first annual contraction since 1995 as economic growth in the world's biggest producer slows.

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    • NMDC Shares Tumble Over 5% On Iron Ore Price Cut
      India | Iron ore | 21st April 2015

      NMDC Ltd shares fell over 5% yesterday after company declared that it cut iron ore prices by upto 20 percent, leading to an erosion of Rs 2,755 crore from its market valuation. In terms of volume, 2.79 lakh shares of the company changed hands at the BSE and over 31 lakh shares were traded at the...

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    • Chinese Iron Ore Futures Dropped By 2%
      Iron ore | China | 21st April 2015

      Chinese Iron ore futures dropped by 2% yesterday as concern over excess supply countered Beijing's aggressive cut in banks' reserve. The 100 basis point reduction in banks' reserve requirement ratio exceeded market expectations and showed China's ability to boost economy. "We now know clearly...

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    • CBI Uncovers Rs 4263 Crore Railways Freight Scam
      India | Freight | 21st April 2015

      Sniffing a major scam of Rs 4263 crores, 500 CBI officers along with vigilance officers of Indian railways carried countrywide joint surprise checks at 65 locations unearthing major irregularities in the weighment of freight carried in trains. Almost two-third of the revenue of Indian Railways'...

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    • To Reduce Greenhouse Gas Emissions, China May Cut Coal By 2050
      China | Coal/Coke | 21st April 2015

      During Paris International climate negotiations last year, China agreed to peak its greenhouse gas emissions by 2030 and increase the use of non-fossil energy by 20 percent. The study, by the China National Renewable Energy Centre and a variety of other Chinese organizations with support from the U...

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    • Slump iron ore Prices wiped $74 billion in Australia’s market value
      Iron ore | Others | 20th April 2015

      The slumping iron ore prices has wiped $74 billion from the value of Australia's key iron ore mining stocks since January 2014, and analysts expect share prices to fall continuously as the price for the commodity drops. Investors that held on to the stocks while the price for iron ore sank during...

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    • BNP sees huge iron ore blow for Australia due to constant price drop
      Iron ore | Others | 20th April 2015

      BNP Paribas and JP Morgan have joined the growing list of experts forecasting long spells of low prices for Australia's largest export commodity. Australia is certainly the biggest loser due to tumbling iron ore prices. BNP sees the huge iron ore shock for Australia due to this falling tend of iron...

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    • SIT arrested Union Minister’s brother in illegal iron ore export case
      India | Iron ore | 20th April 2015

      The Special Investigation Team (SIT) of the Lokayukta has arrested G M Lingaraju, younger brother of Union Minister of State for Heavy Industries and Davangere MP, G M Siddeswara, probing illegal export of iron ore from the Belekeri port in Uttara Kannada district.

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    • Less chances of mining to resume in Goa this season
      India | Iron ore | 20th April 2015

      In Goa, another mining season may end without seeing any mining activity, as the state pollution control board requires at least three months before giving permission to mining companies to operate under Air Act and Water Act to resume operations.

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