Over 60% of auctioned blocks in Odisha, Karnataka since the MMDR Amendment Act, 2015 Average auction premium at over 100% Production to increase as many auctioned mines may come onstream Around 100 iron ore mine blocks have been successfully auctioned...
- July 12, 2023
In a recent development, certain Indian steel mills have started importing Australian iron ore fines in place of mainstream Brazilian iron ore concentrates. SteelMint has heard that Australian miners have started supplying low- to medium-grade iron ore fines (Fe57%-60.5%) to...
- June 23, 2023
Competitive bidding route gains traction from FY20 Odisha tops auctions chart since FY16 Odisha and Karnataka eye further auctions India’s mineral block auctions showed a marked upturn in 2022-23 (FY23) with successful bids more than doubling y-o-y. Madhya Pradesh led...
- June 20, 2023
Decreased imports from China drag down total volumes Shipments seen from Lloyds as EC increases to 10 mntpa Weak global steel demand weighing on near-term exports Both iron ore and pellet exports fell m-o-m in May, reveals data maintained with...
- June 20, 2023
