Iron Ore Demand

Compared to the previous year's 29.04 MT, the production at the Chhattisgarh units jumped 11.67 per cent. The Dolimalai mine produced 12.67 MT of iron ore, up 7.56 per cent Y-o-Y

Since Feb 2020, when Covid-19 was at its peak in China, prices of international iron ore skyrocketed by over 75% to a seven-year high of over $150 a tonne

Futures in Singapore have surged almost 70% this year, hitting their highest since trading started in 2013, as China's stimulus-led rebound fuels steel output and consumption

Revival of Chinese steel production has bolstered demand; simultaneously, disruptions in Brazil after soaring Covid cases has crimped supplies, raising prices

At a pre-bid conference convened by the state steel & mines department, more than 50 companies turned up

Iron ore's fortunes -- and those of the top miners in Australia and Brazil -- largely turn on the strength and trajectory of demand in China, which buys about 70% of seaborne cargoes

India's steel demand is poised for an impressive growth in the years to come: Chairman NMDC