01
Feb
15:21
Odisha iron ore shortage seen only short term
The rise in lump iron ore prices caused by the closure of six Odisha mines due to non-payment of compensation to the state government will increase steelmakers’ costs by around INR 800-1,000/tonne ($12-16). This is according to ICRA ratings agency.
The six mines failed to pay by the 31 December deadline the fine amounting to 100% of the value of iron ore mined illegally. The mine closures from 1 January have led to an iron ore supply shortage of around 5.5…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous