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Low demand, high input cost hit pig iron makers
Pig iron producers have come under pressure due to poor demand from foundries and high cost of raw materials like iron ore. This may lead the prices to stagnate at current levels till July-end, traders and industry experts said. Though demand from steelmakers, the largest consumer of pig iron, has been good, supplies to foundries have slipped in the past couple of months, they added. “Pig iron

Iron ore export to hit all-time low in FY13

India’s iron ore exports are set to fall to a new low this financial year, owing to multiple problems, such as shortages in Karnataka, Odisha and Goa, high export duty and differential

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CEC for probe into 'export' of iron ore

The Supreme Court-appointed Central Empowered Committee (CEC) has recommended to the state government to set up an “Inter-Departmental Team of officers on a full time basis” for

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Goa boosts Sesa's performance

Despite profits falling nearly 50 per cent, Sesa Goa’s stock closed in the positive territory on Wednesday. The stock closed the day at Rs 185.65, up 1.53 per cent over the previous

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Karnataka iron ore mines may resume work by July

The shortage of iron ore in Karnataka is likely to ease by July, as regular mining is expected to resume in a couple of months from now. The Supreme Court-appointed authorities are preparing

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Karnataka's mine politics

Several developments in the Supreme Court over illegal mining of iron ore in Karnataka indicate that only the first chapter of a long-running story has been brought to a satisfactory end. The whole

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