| History
of Iron Ore |
IRON ORE
ORIGIN : INDIAN
 This item is known as IRON ORE, when this will be crushed into a crusher, it will get into sizes that are known as SIZE ORE (lumps).
While crushing some of ores are crushed a lot the powder which comes that is known as IRON ORE FINES, which is been exported to china from past a decade. Indian market is growing day by day in this item, as the government is also looking for the Exporters to prove themselves. As of now Iron ore fines market is hold by Indian Experts for iron ore, that this tem will hold the export market for next 20 - 30 years.
The geological and metallurgical history of India is similar to those of the mineral-rich countries of Australia and South Africa and continents of South America and Antarctica, all of which formed a continuous landmass before the breaking up of Gondwanaland. |
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There has been a huge leap in world steel growth since 1999 - 268 mt during 1999-2004 versus fluctuating growth /degrowth during the previous five-year periods. China is the main, but not the only reason, for this growth.
China represented 56 per cent of growth since 1989, India 2.9 per cent, other Asia 11 per cent, Former Soviet Union 8 per cent, Latin America 4.7 per cent and Japan, West Europe and the US combined 10 per cent.
There has been a phenomenal growth in Chinese steel (crude steel production up 37.5 per cent year-on-year in May to annualised rate of 450 mt per annum), but it is now balanced between demand and supply.
China's massive industrial growth means it has a voracious appetite for raw materials and it has turned largely to Australia to satisfy its hunger. Iron ore is just one of the commodities in hot demand.
Anecdotal evidence suggests iron ore producers, particularly the smaller players, are being cold called by Chinese steel mills on an almost daily basis seeking shipments of iron ore.
Recent concerns that China's regulators were trying to put the brakes on the runaway economy have failed to dampen enthusiasm.
Let's face it, given China's size the forecast growth rates of seven to eight per cent (down from nine to 10 per cent) are still exceptionally strong and it means one helluva lot of iron ore.
Iron ore companies cannot dig the stuff out of the ground quick enough and they are pouring huge amounts of money into the biggest growth seen since the industry was first developed in the 1960s.
On the other side of the iron-rich Indian Ranges, in orissa and southern india is expanding the capacity of its Iron ore and Iron ore fines divisions to more than 180 million tonnes a year, from the current 145 million tonnes, and has commissioned its second joint venture mine with Chinese partners.
India produces over 24% of the world's iron ore with a value of around $3300 million. The dewatering of fines from iron ore processing is becoming increasingly important to the industry as more ore is being 'wet' processed. Efficient dewatering operations can help to reduce costs associated with downstream transport, handling and drying operations. In our coming days Iron ore export will be grown by 77% of the export items to china. Government is also quite keen about this export item to china.
This item is going to be the largest export future for Indian market in china.
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