Iron Ore
NMDC Embraces Index-Based Pricing, Signals ₹12,000 Cr Capex Push and Record April Performance
In a move that could reshape India’s iron ore pricing landscape, state-owned mining major NMDC Ltd has launched a trial run of index-based...
Sarda Energy & Minerals Posts 15% Jump in Q4 Profit, Annual Net Rises 34%
Indian steel and mineral producer Sarda Energy and Minerals Limited on Monday reported a 14.74% year-on-year rise in its net profit for the...
India Pushes for Overseas Raw Material Acquisitions to Boost Steelmaking Capacity
India is actively seeking Indian companies to acquire raw material assets overseas, in an attempt to integrate India’s steel supply chain as it...
PM Modi Urges Steel Sector to Fast-Track Mining, Focus on Self-Reliance
At India Steel 2025, Prime Minister Narendra Modi urged the steel industry to accelerate iron ore mining at greenfield sites, reduce import dependency,...
Mining Industry Sees Cess Hike to Support Public Programs
The state government of Jharkhand has approved a hike in cess on coal and iron ore to Finance its social security schemes. The decision,...
Iron Ore Prices Drop as Chinese Imports and Steel Demand Weaken
Iron ore prices continued to decline in early March despite a drop in Chinese imports, reflecting weak demand in the world’s largest steel-producing...
MOIL Achieves Record February Manganese Ore Production, Slightly Below January
State-owned MOIL Limited in India produced 153,000 metric tons of manganese ore in February 2025, a 1.3% increase year on year. The firm noted it...
GPIL: Net Profit Falls 37% in Q3 FY 2024-25
Godavari Power and Ispat Limited (GPIL), an Indian steel and pellet producer, reported a sharp fall in its consolidated net profit in the third...
Iron Ore Price Hovers Around $100 Per Ton, With Mixed Forecasts for 2025
Futures on China’s Dalian Commodity Exchange (DCE) recently began to climb, raising hopes for higher iron ore prices in early 2025. The DCE’s most-traded...
