The stability from the Chinese market has more or less become a hallmark of its identity as levels for ships literally appear to be etched into the ongoing fixtures. Most sales that take place into this market have been around the USD 450 per ton mark.

ET reported that Jharkhand has emerged as the first state to make it mandatory for companies with captive iron ore mines to set up pellet plants to utilize their increasing deposits of iron ore fines.

It is reported that In August, Sichuan Province based Chinese steel producer Panzhihua Steel Baima Mine produced a record high iron ore concentrate output of 229,370 tonnes. During the first nine days of August, the mine produced 68,450 tonnes of iron

Peabody Energy Corp cut its third quarter and full year earnings outlook because of a roof fall at one of its Australian mines where production will be halted for four to six weeks.

Reuters reported that the National Union of Mineworkers plans to begin a strike at African Rainbow Minerals' Nkomati Nickel mine on September 5th 2011. The trade union is striking over wages.

Bloomberg reported that orders to draw nickel from stockpiles monitored by the London Metal Exchange rose to the highest level since April 2011 on gains in Singapore and Rotterdam.

At a time when India is embarking on ambitious power generation programs, the shortage of coal is expected to impact new capacity addition plans to the tune of 15,000 MW in the current fiscal. A parliamentary panel has said that coal availability for

TNN reported that Steel Authority of India Limited chairman Mr CS Verma said that they are moving ahead with their expansion and modernization plans in the country for which the company would invest INR 72,000 crore. He said “The company has the

China COSCO (Ocean Shipping Group Co) Holdings Company, the country's top shipping conglomerate, on Friday reported a loss of CNY 271 billion (USD 432 million) for the first half of 2011, registering a massive decline of 176.8% YoY. Image is from geograph.org.uk

Yalian Steel Corporation announced its financial and operating results for the three and nine months ended June 30, 2011. The Company or Yalian refers to Yalian Steel Corporation and its subsidiary, Yangzhou Yalian Steel Pipe Co Ltd which operates

It is reported that Mr PK Misra secretary with the India’s ministry of steel said that the Indian steel industry would pick up in the coming months and reach its targeted 10% by the end of the financial year. Mr Misra at the Steel Tube Summit,

DHNS reported that the India’s Supreme Court’s directive to suspend all mining activities of iron ore in the districts of Chitradurga and Tumkur in the Karnataka has multiple implications on the economy and the steel business at large. Mentioning