Association of Indian Forging Industry (AIFI) requested the government to support the sector and enable firms to compete effectively in the global markets. Among other things, the industry body asked the government to promote value added products and ban export of higher grade iron
Tag: Iron Ore
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Subdued freight rates may hit earnings of shipping firms
Subdued freight rates may affect the earnings of the Indian shipping industry and this prompted India Ratings and Research to maintain a negative outlook on the industry. The ratings agency, which is a part of the Fitch Group, feels that freight rates for dry bulk (coal and iron ore) may be hit by high
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Overseas steel firms may invest in local companies
In order to gain foothold in a growth market, overseas steel manufacturers may make strategic investments in smaller steel mills in India, agency reports suggest. Such investment by foreign steel firms may be beneficial for both the investor and the local company. The local partner gets both funding and technology while the
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India may witness sharp fall in ore exports
India may export 17.3 million tonne iron ore in 2012-13, a far cry from the 61.8 million tonne export in the previous year and 120 million tonne in 2009-10, investment bank Barclays Capital said in a forecast. Between Apr-Nov 2012, the country exported 15 million tonne ore, compared to 36 million tonne in the previous year. This is a decline of 62.3 per
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India may witness sharp fall in ore exports
India may export 17.3 million tonne iron ore in 2012-13, a far cry from the 61.8 million tonne export in the previous year and 120 million tonne in 2009-10, investment bank Barclays Capital said in a forecast. Between Apr-Nov 2012, the country exported 15 million tonne ore, compared to 36 million tonne in the previous year. This is a decline of 62.3 per
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India may witness sharp fall in ore exports
India may export 17.3 million tonne iron ore in 2012-13, a far cry from the 61.8 million tonne export in the previous year and 120 million tonne in 2009-10, investment bank Barclays Capital said in a forecast. Between Apr-Nov 2012, the country exported 15 million tonne ore, compared to 36 million tonne in the previous year. This is a decline of 62.3 per
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Net profit of JSW Steel declines 18%
During October-December 2012, leading steel maker JSW Steel posted 18 per cent decline in its net profit at Rs 137 crore (Rs 168 crore) owing to lower capacity utilisation. Steel output was up 14 per cent at 2.17 million tonne. The capacity utilisation was at 78 per cent. The com
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Net profit of JSW Steel declines 18%
During October-December 2012, leading steel maker JSW Steel posted 18 per cent decline in its net profit at Rs 137 crore (Rs 168 crore) owing to lower capacity utilisation. Steel output was up 14 per cent at 2.17 million tonne. The capacity utilisation was at 78 per cent. The com
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Net profit of JSW Steel declines 18%
During October-December 2012, leading steel maker JSW Steel posted 18 per cent decline in its net profit at Rs 137 crore (Rs 168 crore) owing to lower capacity utilisation. Steel output was up 14 per cent at 2.17 million tonne. The capacity utilisation was at 78 per cent. The com
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OMC rejects plea of local steel firms on lower price
Despite getting demands from steel makers in the state, Odisha Mining Corporation (OMC) does not want to sell iron ore to them at a lower rate. OMC does not want to get into any controversy on the lines of the NMDC case by selling iron ore at a concessional rate to steel makers in Odisha