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2 days ago018332Iron ore prices have surged to their highest levels in six years in a muchneeded multibilliondollar boost for state and commonwealth coffers While coronavirus has ravaged most corners of.
17 hours ago018332Iron ore is the key raw material used in steel making Any change in its prices has a direct impact on the rates of steel In a BSE filing NMDC said it has increased the price of lumps or highgrade iron ore by Rs 200 to Rs 3450 per tonne and that of iron ore fines or inferior grade ore also by Rs 200 to Rs 3160 a tonne.
12 hours ago018332The bank is now forecasting a global iron ore surplus of just 12 million tonnes in 2021 a negligible percentage of the 16 billion tonne seaborne market.
Oct 06 2020018332quotBy contrast if the iron ore price was to remain elevated until the end of the June quarter 2021 before falling immediately to US55 per tonne FOB nominal GDP could be around 229 billion.
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Iron ore prices rebounded further to trade around 120 per tonne after reaching over onemonth low of 117 per tonne on September 25th as worries about supply disruptions resurfaced after a coronavirus outbreak on a bulk carrier at Australias Port Hedland Historically Iron Ore reached an all time high of 200 in November of 2007.
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NMDC cuts ironore price by 211 for Oct will set prices The decision may be attributed to the falling price of iron ore globally following shrinking demand.
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