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Iron ore supply is another part of this, which is part of the downward pressure we're seeing on iron ore prices. The key to keep in mind is going to be Valley. And Valley additions this year they're going from about 330 million tonnes in the middle of the year as a production capacity to about 343 million tonnes by the end of this year.

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High grade iron ore less than 10% of the total reserves. ROM iron ore with Fe less than 58 – 60% discarded as waste. After beneficiation iron ore availability can improve by about 50%. Steel community and the country demand technological solutions for utilising low grade ores. The technology task that would be imperative: 1.

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Insight Details. Indian Iron Ore Imports Shoot Up by 44% in FY19; Cross 12 MnT. Indian Ferro Chrome prices increased amid improved global market conditions. In China, there is decrease in VAT rates – from 16% to 13% which would have been effective from 1st Apr'19, but the notification is still awaited.

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