India’s KIOCL plans tolling arrangement with overseas iron ore suppliers

Thursday, 07 July 2016 09:43:43 (GMT+3)   |   Kolkata
       

KIOCL Limited (formerly Kudremukh Iron Ore Company Limited ) plans to enter into tolling arrangement wherein it will import high grade iron ore from overseas suppliers for conversion into pellets with buy-back agreement with the raw material supplier, an industry official said on Thursday.

As beginning KIOCL seeks import of 65,000 mt high grade iron ore fines for conversion into pellets at its 4 million mt per year pelletization plant at Mangalore in southern India with buy-back agreement for pellets with the iron ore supplier.

Last year, KIOCL had commenced imports of high grade iron ore fines (FE content 67% and above) from Brazil and subsequently export pellets from its Mangalore plant to Iran.

However, industry officials said that tolling agreement with suppliers of raw material will ensure improved margins for the company.

Similar articles

Iron ore prices drop by over $9//mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials