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Iron ore import might fall to 5 mt

With surplus availability of iron ore in the domestic market, imports are likely to shrink to five million tonnes (mt) in the current financial year, compared with 15 mt in 2014-15. According to Manish Kharbanda, executive director and group head ...

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BHP Billton, Rio Tinto and Vale at war with Chinese iron ore producers

Mackenzie also stated that, the import price will not rise above 100 dollars per ton, and he also added that, the production will be increased up to 290 million tones per year, which may cost about, 3.5 billion dollars. According ...

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South Korea’s iron ore imports up in June

According to statistics, South Korea’s iron ore imports totaled 5.5 million tonnes in June increasing by 27.7% YoY. The import price was averaged at USD 120.3 per tonne down by 15.9% compared from USD 143.1 per tonne in the same ...

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