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IRON ORE buy in Bhubaneswar
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IRON ORE

IRON ORE

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Description
Iron ore is backbone for the world's iron and steel industries. It is therefore essential for the production of steel, which in turn is essential to maintain a strong industrial base. Almost all (98%) iron ore is used in steelmaking. Iron ore is mined in about 50 countries.

WHY MINERALS FROM ORISSA ?

Orissa, truly, is a vast treasure trove of geology. The state has about 97% of the chromite, 71% of the bauxite, 33% of the iron and 32% of the manganese resources in India.

Orissa offers different grades with iron content in the 62-67 per cent range The voyage time from Paradip Port to most of the Asian ports is 12-15 days against 40-45 days from Brazil and, therefore, there is considerable freight advantage.

The eastern sector mines with their good quality ores are ideally placed for export thrust.


GRADES OF IRON ORE

Based on their iron content, iron ores are classified as following:


1. High-grade with more than 65% iron content.

2. Medium-grade with iron content between 65%-62%.

3. Low-grade with less than 62% iron content.


IRON ORE FINES EXPORTS: THE INDIAN SCENERIO

India is the 4th largest producer of iron ore, producing around 74 million tonnes annually, which is nearly 7.5% of

the global output. The countries proven iron ore reserves stands at around 3 billion tonnes, 2% of the world total.

Currently, India accounts for about 9% of global iron ore exports. Due to India's locational advantage viz-a-viz China, India benefits from lower freight costs. Also, India's iron-ore is of very high grade. Studies and analyses suggest that India can have greater scope than at present to supply iron ore to China, only if the competitiveness of Indian exporters improves.



Fe content
63.5%
SiO2 5.00% Max
Al2O3 5.00% Max
S 0.02% Max
P 0.06% Max
Moisture 10% Max
Size 0mm to 10mm


ANALYSIS

The most vital part for concern is chemical and physical analysis which decides the parameter of the Cargo.There are four organizations which are taking care of analysis part. But there are two major companies, both are accepted universally both by buyer and seller for analysis which is a standard for CIQ China. These two companies have sent there desire to be associated with us for a long-term business relationship.


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