Iron Ore Rates

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  India's Iron Ore Prices Unlikely To Recover In Near Term: Icra

  India's iron ore prices are unlikely to recover in the near future given the high inventory levels as well as increasing production, credit rating agency Icra said on Thursday.

• Subdued Demand Hits NMDC; Cuts Iron Ore Rates by 30% Since January

  The country's largest miner for the metal, used in the production of steel, had kept lump ore prices unchanged in January 2015 from December last year at Rs 4,200 per tonne.

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  Tata Steel Results to Improve in FY16: Moody's

  Tata Steel's losses for 2014-15, due to disruptions in the iron ore supply in India, are expected to "fade away" in the current fiscal year, credit rating agency Moody's Investors Service said on Wednesday.

• India Ratings Maintain Steel Producers on Negative Outlook

  India Ratings & Research on Tuesday said it has maintained its rated steel producers on a negative outlook for 2015-16 despite softening of interest rates and expected growth in consuming industries.

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  NMDC Keeps Iron Ore Prices Unchanged for January

  After holding the price of iron ore for July-October period, NMDC had reduced the rate of lumps by Rs 200 per tonne for November. Again in December, it reduced the price of lumps by Rs 200 per tonne and Rs 100 per tonne for fines.

• Iron Ore Royalty Rise May Not Hurt Steel Makers' Margins: Fitch

  The increase in India's iron ore royalty rates is not likely to have a major impact on the profitability of steel producers in the country, rating agency Fitch Ratings has said.

• Jefferies initiates NMDC coverage with 'buy' rating

  Jefferies initiated coverage on NMDC Ltd with a 'buy' rating and a target price of Rs 183, citing easing volume constraints, improving domestic iron ore demand-supply, and buoyant international ore prices.

• Rail Budget 2013: Freight rate hike may push up steel prices by up to 8 per cent

  Steel prices may go up by 5-8 per cent from April due to 5.8 per cent increase in rail freight charges on the movement of iron ore as well as finished steel.

• NMDC may revise iron ore price in February

  State-owned miner National Mineral Development Corporation (NMDC) may revise iron ore rates for February because of firming prices of the key steel-making raw material internationally.

• NMDC cuts iron ore lump prices by Rs 320 a tonne

  State-run miner National Mineral Development Corporation (NMDC) today reduced the price of iron ore lumps by 5.9 per cent or Rs 320 a tonne for the current month mainly to align rates with the landed cost of the imported raw material.

• NMDC suffered Rs 746 crore revenue loss during 2007-10: Government auditor

  Iron ore miner NMDC has suffered Rs 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, government auditor CAG said.

• Railway Budget: Indian Railways increases freight rates for foodgrains, fertiliser

  While freight rates have been increased by 10 to 15 per cent for other commodities, charges for iron ore exports has been reduced by 16 per cent.