Narendra Singh Tomar asked operating mining companies in Odisha to increase output within permissible ceilings to ensure supplies to steel companies.
Mesco Steel requested the Odisha government to allow the company to sell the extracted iron ore estimated at Rs 300 crore at its Roida mine in the state.
Australia said it expects iron ore prices to average $51.50 a tonne this year, because of rising global supply and moderating demand from China.
A hike in iron ore prices by state-run NMDC has left steel companies with no choice but to pass on the increased production cost to customers,Jindal said.
India’s top iron ore state is likely to produce 100 mn tonnes of ore in the 2017/18 fiscal year, despite authorities ordering the closure of some mines.
The country's top 12 major ports witnessed 3.26 pc rise in cargo traffic to 382.91 MT during Apr-Oct period, mainly due to pick up in iron ore demand.
The Goa government has approached the Union Ministry of Mines, seeking an exemption from the export duty on 58-60 grade content iron ore.
Global miner Rio Tinto said it had lifted its third quarter iron ore shipments by 6 percent after modernizing its haulage railway in Australia’s outback.
According to official data, India produced Rs 18,396 crore worth of iron ore during the first seven months of this year.
India's exports to China registered a 40.69% rise year-on-year to reach USD 10.60 bn in the first seven months of 2017.
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