Scrap Metal Prices

CME METAL Prices  

SHFE METAL Prices

Scrap Metal Prices & Recycling News
olympus-ims.com
oxford-instruments.com
India Iron Ore exports likely to decline to 50 Mmt in 2012-13: FIMI
Lead poisoning rampant in India battery recycling
Chinese Copper demand to grow by 6.5% in 2012: Chile's Antofagasta

India Iron Ore exports likely to decline to 50 Mmt in 2012-13: FIMI

By (ScrapMonster Author)
April 16, 2012 07:38:46 AM
India's iron ore exports are likely to decline to 50 million metric tons (Mmt) in 2012-13, said Federation of Indian Mineral Industries (FIMI).

MUMBAI (Scrap Monster): India's iron ore exports are likely to decline to 50 million metric tons (Mmt) in 2012-13, said Federation of Indian Mineral Industries (FIMI).

According to FIMI, exports are likely to be hit by high export duty, railway freight charges and mining ban in Karnataka.

India exported 117.3 Metric Tonnes (MT) of iron ore during the 2009-2010 fiscal. This has fallen by 48% to 60 MT during the 2010-2011 fiscal. And as per FIMI Secretary General RK Sharma, India's iron ore exports will likely fall even more.

"While Karnataka ban has taken its toll, hike in duty and railway freight have further affected the exports adversely. The trend will continue and exports may not cross 50 MT mark for 2012-13," Economic Times quotes Sharma, who adds that "We have met the officials in mines, steel, commerce, finance and railways to ensure remedial measures else it will be hard for the iron ore industry to recover.”

Also Read:
Start a discussion or add a comment
360
September 23rd 2016
THE Competition Tribunal has confirmed a R2.9m settlement between the Competition Commission and East Rand-based scrap metal trader, Ben Jacobs…
September 23rd 2016
River Metals Recycling (RMR), located in Greensburg, received recertification in the Indiana Safety and Health Achievement Recognition Program (INSHARP).
September 23rd 2016
In terms of shipment volume by Customs port, Chiba in Tokyo Bay region ranked first during July ’16, exporting 148,095…
September 22nd 2016
The USA shipped 870,772 tonnes of ferrous scrap out of the country during the month of July this year.
Paul Ploumis

Paul Ploumis
(ScrapMonster Author)

Paul Ploumis is the Scrap Monster Founder and CEO.  With years of experience in the Scrap and Recycling industry, he
Scrap Metal Prices
ItemPriceUnit
6061 Extrusions0.55$US / Lb
Zorba 90% NF0.51$US / Lb
Old Sheet0.47$US / Lb
6063 Extrusions0.61$US / Lb
Alternator0.37$US / Lb
#1 Copper Wire and Tubing1.94$US / Lb
K
Energy & Renewables
San Diego
M
Solar
Campbell
A
Solar
Irwindale
E
Energy & Renewables
Osgood