Mining Industries Correspondent
Krishna's Feed
May 19, 2014

JSW Steel tries out low-quality iron ore from Goa

NEW DELHI (Reuters) – JSW Steel Ltd(JSTL.NS: Quote, Profile, Research) has bought 11,484 tonnes of low-quality iron ore from Goa, government data showed, a sign that steelmakers are exploring other options after the temporary closure of some mines in Odisha.

Goa has traditionally exported most of its iron ore to China as local steel mills preferred using higher-quality ores. Mining bans in some states, however, have forced them to use grades with less iron, which might now help them cope with the mine closures in top iron-ore producer Odisha.

May 19, 2014

India’s JSW Steel tries out low-quality iron ore from Goa

NEW DELHI, May 19 (Reuters) – India’s JSW Steel Ltd
has bought 11,484 tonnes of low-quality iron ore from
Goa, government data showed, a sign that steelmakers are
exploring other options after the temporary closure of some
mines in the state of Odisha.

Goa has traditionally exported most of its iron ore to China
as local steel mills preferred using higher-quality ores. Mining
bans in some states, however, have forced them to use grades
with less iron, which might now help them cope with the mine
closures in top iron-ore producer Odisha.

May 16, 2014

Supreme Court orders temporary closure of some Odisha iron ore mines

NEW DELHI/BHUBANESWAR (Reuters) – The Supreme Court ordered on Friday the temporary closure of nearly half of the iron ore mines in top producing state Odisha due to non-renewal of years-old leases, in a blow to local steel mills that depend heavily on high-quality ore from the state.

Odisha, which allows exports of only half of total iron ore output, produced more than 70 million tonnes in the last fiscal year from 56 operating mines.

May 16, 2014

India court orders temporary closure of some Odisha iron ore mines

NEW DELHI/BHUBANESWAR, May 16 (Reuters) – India’s Supreme
Court ordered on Friday the temporary closure of nearly half of
the iron ore mines in top producing state Odisha due to
non-renewal of years-old leases, in a blow to local steel mills
that depend heavily on high-quality ore from the state.

Odisha, which allows exports of only half of total iron ore
output, produced more than 70 million tonnes in the last fiscal
year from 56 operating mines.

May 9, 2014

Narendra Modi’s manufacturing push cheers steel makers

NEW DELHI (Reuters) – When prime ministerial hopeful Narendra Modi asked at an election rally if anyone knew of a country that exported wheat but imported bread, steelmakers joined his followers to cheer.

For steel executives, it was just what they wanted to hear: their calls to restrict exports of iron ore further will be met if Modi’s Bharatiya Janata Party (BJP) wins the election.

May 9, 2014

Modi’s manufacturing push cheers Indian steel makers

NEW DELHI (Reuters) – When Indian prime ministerial hopeful Narendra Modi asked at an election rally if anyone knew of a country that exported wheat but imported bread, steelmakers joined his followers to cheer.

For steel executives, it was just what they wanted to hear: their calls to restrict exports of iron ore further will be met if Modi’s opposition Bharatiya Janata Party (BJP) wins the election.

Mar 26, 2014

JSW Steel sees flat coking coal imports in 2014/15

NEW DELHI (Reuters) – JSW Steel (JSTL.NS: Quote, Profile, Research), India’s No. 3 steel maker, said it expects imports of metallurgical coal to stay flat at 7-8 million tonnes in 2014/15, indicating its mills will continue to run below capacity due to soft demand and a shortage of iron ore.

The company said in December its 10 million-tonne-per-year mill in Karnataka state would not operate at more than 80 percent capacity in the near future as supply of key feedstock iron ore stays weak. It has also slowed plans to nearly triple annual capacity to 40 million tonnes in the next decade.

Mar 26, 2014

India’s JSW Steel sees flat coking coal imports in 2014/15

NEW DELHI, March 26 (Reuters) – JSW Steel, India’s
No. 3 steel maker, said it expects imports of metallurgical coal
to stay flat at 7-8 million tonnes in 2014/15, indicating its
mills will continue to run below capacity due to soft demand and
a shortage of iron ore.

The company said in December its 10 million-tonne-per-year
mill in Karnataka state would not operate at more than 80
percent capacity in the near future as supply of key feedstock
iron ore stays weak. It has also slowed plans to nearly triple
annual capacity to 40 million tonnes in the next decade.

Mar 19, 2014

Jindal to stop buying metallurgical coal from Australia in three months

NEW DELHI (Reuters) – Jindal Steel and Power Ltd(JNSP.NS: Quote, Profile, Research) will stop buying coking coal from Australia in three months from now as its own mines there start shipping, a top company official said, a move that could further soften prices of the commodity.

Recent coking, or metallurgical, coal price settlements by major miners showed a fall in the price of all coal types for the first quarter of 2014, underscoring a weak demand outlook from steelmakers in Asia.

Mar 18, 2014

Sesa Sterlite’s copper smelter to be shut for 22 days – sources

NEW DELHI (Reuters) – India’s No.1 refined copper producer Sesa Sterlite Ltd (SESA.NS: Quote, Profile, Research) will shut its smelter for 22 days starting April 26, two company sources said on Tuesday, in what would be the first maintenance closure in four years and cut supplies to top buyer China.

Sesa Sterlite, a unit of billionaire Anil Agarwal-controlled Vedanta Resources Plc (VED.L: Quote, Profile, Research), produces 30,000 tonnes of refined copper per month and exports half of that to China.

    • About Krishna

      "I have been covering India's metals and mining industries from New Delhi since April Fool’s Day, 2013. Before that I led two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies. I have closely followed the solar and shipping industries and love to write on cricket whenever I can."
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
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