HEADLINES

    • SAIL sends first export consignment of steel blooms to Nepal
      India | Steel | 31st July 2015

      Steel Authority of India Limited's IISCO Steel Plant dispatched its first export consignment of 45 wagons of steel blooms to Nepal today. The consignment, amounting to 2,764 tonnes in volume, was flagged off from the West Yard in the plant. The consignment would help in the urgent rehabilitation...

      More

    • JSW Steel Gets Investor Nod to raise upto Rs 14,000 Crore
      India | Steel | 31st July 2015

      JSW Steel said its shareholders have approved its proposal to raise a total of Rs 14,000 crore through private placement and qualified institutional placement (QIP) routes. The firm's shareholders at its annual general meeting (AGM) earlier this week approved rising up to Rs 4,000 crore through QIP...

      More

    • Iron ore price surge uplifts Australian market
      Iron ore | Others | 31st July 2015

      The Australian share market has closed higher after a bounce in the iron ore price. With the Chinese port iron ore price up by $US2 to $US52 a tonne overnight and a jump in international oil prices, key mining and energy stocks were the clear winners locally. Gains in US stock after the Federal...

      More

    • India containerized Shredded Scrap import prices drop
      India | Scrap | 31st July 2015

      Indian containerized shredded scrap import prices dropped in the week ended July 17, while Indian plastic scrap prices showed mixed trend. The major plastic scrap commodities showed a mixed tread on Scrap Register Price Index during the week. The plastic scrap like HD blowing, HD moulding (colour...

      More

    • Brazilian Miner Vale jumped to $1.7 billion profit in second Quarter
      Iron ore | Others | 31st July 2015

      Brazilian mining firm Vale managed a return to profit in the second quarter, despite flagging commodity markets. Profit climbed to $1.7bn (£1.1bn) in the period, up from a $3.1bn loss in the first quarter, and improving on the $1.4bn profit reported for the second quarter of 2014. The group...

      More

    • Government raises Rs 1,029 crore from coal mines auction and allotment
      India | Coal/Coke | 31st July 2015

      Government received Rs 1,029.7 crore in upfront payment from auction and allotment of coal blocks that held earlier this year. Coal and Power Minister Piyush Goyal informed the Lok Sabha that the upfront payment from auction of coal blocks is Rs 341.78 crore. "In addition, the first...

      More

    • Supreme Court considering auction modalities of Karnataka iron ore mines
      India | Iron ore | 31st July 2015

      The Supreme Court said it would allow the Karnataka Government to decide the manner in which 15 iron ore mines in the state will be auctioned. A three-judge bench comprising justices Ranjan Gogoi, R.K. Agrawal and N.V. Ramana is considering the modalities governing the auction of 15 Category C...

      More

    • Supreme Court considering auction modalities of Karnataka iron ore mines
      India | Iron ore | 31st July 2015

      The Supreme Court said it would allow the Karnataka Government to decide the manner in which 15 iron ore mines in the state will be auctioned. A three-judge bench comprising justices Ranjan Gogoi, R.K. Agrawal and N.V. Ramana is considering the modalities governing the auction of 15 Category C...

      More

    • JSW Steel reports net loss of Rs 107 cr in June quarter
      India | Steel | 30th July 2015

      Leading alloy-maker JSW Steel today reported a net loss of Rs 107 crore on a consolidated basis for the first quarter ended June 30, 2015. The Sajjan Jindal-led firm had clocked a net profit of Rs 657 crore in the year-ago period, it said in a BSE filing. The total consolidated income of the...

      More

    • Vedanta looks to restart Goa mines by October
      India | Iron ore | 30th July 2015

      Vedanta Ltd said that company expect to restart iron ore mining by October in top exporting Goa province and that talks were continuing with regulators for merging with its cash-rich unit Cairn India (CAIL.NS). The mining and energy group, which has been hit by a slump in crude prices and mining...

      More

oreteam indices

OreTeam Freight Index

Pellet Index India