Jul 29, 2020 · The government of the Indian state of Chhattisgarh, where Indian state-run miner NMDC Limited operates its largest mines, has sought 30 percent concessional rates for prices of iron ore supplies to local iron ore and steel industries, government sources said on Wednesday, July 29.
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Iron ore prices boom on short supply, China steel output Jun 25, 2020 · After the massive iron ore capacity expansions in Australia over the past 12 years or so, along with new mines in Brazil, iron ore prices were expected to fall back to modest price levels as supply outstripped demand. Majors, Rio Tinto and BHP predicted China would produce 1 billion mt/year of crude steel by 2025-2030.
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