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India may turn out to be net importer of iron ore for second year

India’s reliance on foreign iron ore is set to run into a second year, making the case for court-mandated caps on domestic production to be lifted, according to the nation’s mining lobby. Imports may total 10 million tonnes in the year ending 31 March, R.K. Sharma, secretary general of the Feder ...

India: Coal imports rise 2% to 18.6 MT in August

Coal imports have increased marginally by two percent to 18.6 million tonnes (MT) in August 2015 compared to the same month of the previous year. “India’s coal imports rose 2 percent to 18.60 million tonnes in August 2015 (Provisional) from 18.24 MT in August 2014 (Revised),” CEO and MD of mjunc ...

Thermal coal imports at India’s key state-run ports rise 22.6% in Apr-Aug: IPA

India’s 12 key state-run ports handled 40.35 million mt of imported thermal coal over April-August, up 22.6% from the same period a year ago, according to latest data from the Indian Ports Association, or IPA. But coking coal imports over the period fell marginally to 13.1 million mt, from 13.2 ...

S. Korea’s steel imports jump 14 pct in Aug.

South Korea’s imports of steel jumped nearly 14 percent in August from a year earlier on strong demand from the construction sector, industry data showed Friday. According to the data by the Korea Iron & Steel Association, South Korea imported 1.99 million tons of steel last month, up 13.8 ...

India may turn out to be net importer of iron ore for second year

India’s reliance on foreign iron ore is set to run into a second year, making the case for court-mandated caps on domestic production to be lifted, according to the nation’s mining lobby. Imports may total 10 million tonnes in the year ending 31 March, R.K. Sharma, secretary general of the Feder ...

10 million tonnes of iron ore in Goa fails to find takers

Even as Goa is all set to resume mining operations from the beginning of October, the Directorate of Mining and Geology (DMG) is facing a tough time to find prospective buyers for e-auction of extracted ore. Of over 15.5 million tonnes (MT) of unused ore lying across various jetties in the state ...

China commodity imports slump on weak demand, as restocking fades

Chinese imports of major commodities dropped in August from multi-month highs in July, suggesting that cheap international prices are no longer enough to drive buyers to restock as seasonal demand declines and downstream industries stay weak. That will dull the outlook for shipments into the wor ...

India considers safeguard duty on steel after imports from China, Japan surge

An Indian government body has found evidence that rising imports of some hot-rolled steel products from China, Japan, South Korea and Russia pose a threat to the domestic industry, potentially paving the way for an import levy known as a safeguard duty. The Directorate General of Safeguards said ...

Uni-Asia Holdings establishes new joint venture companies in Handysize dry bulk market

The Board of Directors of Uni-Asia Holdings Limited (the “Company” and together with its subsidiaries, the “Group”) is pleased to announce that the Company has entered into four shareholders’ agreements (collectively “Shareholders’ Agreements”) on 25 August 2015 with Yamasa Co., Ltd. (“Yamasa”) ...

S.Africa’s trade minister imposes steel tariffs with conditions

South Africa will introduce a new 10 percent customs duty on certain steel products, Trade and Industry Minister Rob Davies said, aimed at protecting the local manufacturing industry from cheaper Chinese steel imports. Cheap imports from China are hurting steel makers in South Africa, which curr ...