| Export and Import Levels | ||
| Indian iron ore exports to China - 03 Jul, 2008 | ||
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Indian spot iron ore market is reported to be quiet due to huge stockpiles at Chinese ports and Chinese buyers have slowed down their buying from India especially for low grade ore. As per market reports, Chinese buyers are willing to pay is about USD 175 per tonne to USD 185 per tonne on CFR basis. But as iron ore containing 63.5% Fe is attractive to Chinese importers, grades below 63% Fe content may face a drop in sales. On the other hand, as INR to USD exchange rate has gone up for INR 39 to INR 43 and freight rates have fallen to about USD 35 per tone from USD 50 per tonne, exporters' profit will lose too much despite 15% export tax. Indian iron ore miners are now waiting for the National Mineral Development Corporation to fix the 2008-2009 ore prices. NMDC is expected to fix up very soon in line with international benchmark settlements. (Sourced from www.steelprices-china.com) | ||
| Today's News | ||
| Clips | ||
 | Steel prices in India continue down slide | |
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| Ferrochrome supplies might tighten due to power problem in SA | |
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| Flat steel demand falters in Middle East | |
| Announcements | ||
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| NMDC to revise iron ore prices | |
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| Indian Steelmakers Directory 2008 | |
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| Directory of Electrical Steel Users in India | |
| Export And Import Levels | ||
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| Chinese HRC export price drop further to reach USD 900 FOB | |
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| Indian iron ore spot prices last week | |
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| Chinese CRC export market remains quiet | |
