08
Jan
16:19
Indian non-integrated mills' post-auction ore costs could soar
Iron ore costs for Indian non-integrated steelmakers could rise 30-40% following the upcoming iron ore mine auctions in Odisha, according to credit rating agency Crisil. These auctions are expected to see high bid premiums.
In the fiscal year through March 2019 India produced 207 million tonnes of iron ore, of which more than two thirds was by merchant miners and the rest by captive steelmakers. Odisha alone is estimated to have produced 114mt, or more than half o…
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Anonymous
Very good overview of the weekly steel market.
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