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Iron ore prices News

11 Oct 2015

Goa eyes exporting 20 MT iron ore; open to discount in prices

Iron ore miners in Goa are hoping to sell 20 million tonnes of ore that they were allowed to mine, and are even prepared to sell it cheaper to have a competitive edge.

National Mineral Development Corporation

04 Oct 2015

NMDC slashes iron ore rates by over 50%; more revision likely

State-run miner National Mineral Development Corporation (NMDC) has slashed iron ore prices by over 50 percent due to the week iron ore demand. Analysts see the prices softening further in the near-term

20 Apr 2015

NMDC shares dip over 5% on cut in iron ore prices

Shares of state-run mining company NMDC plunged over 5 percent Monday, leading to an erosion of Rs 2,755 crore from its market valuation, after the company slashed iron ore prices by up to 20 percent.

18 Apr 2015

NMDC slashes iron ore prices by up to 20%

Coming under pressure from the domestic steel sector, NMDC Saturday slashed iron ore price by up to 20 percent for the remaining days of the current month.

04 Feb 2015

Around 12 million tonnes of iron ore stuck at Indian ports

Around 12 million tonnes of low-grade iron ore has been stuck at Indian ports for months, stranded as hefty export taxes and plunging prices make higher quality ore more appealing to buyers, said industry and government officials.

12 Dec 2014

BHP says days of $100 iron ore prices likely over

Iron ore prices have slumped some 40 percent this year as output from resources giants such as BHP, Rio Tinto and Brazilian mining powerhouse Vale increases, hurting higher-cost producers.

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