The Respondent, M/s. Sesa Goa under contract with overseas buyers had agreed to supply the ironore fines at a price arrived on the dry weight per metric ton basis. The Department proposed to calculate the duty on the wet weight by applying the rate at which the Respondent agreed to supply the ironore fines on dry weight basis. Ld.
WhatsApp: +86 18838072829A Dry Metric Tonne (Ton) Unit (dmtu) is the internationally agreedupon unit of measure for iron ore pricing. It has the same mass value as a metric tonne, but the material has been dried to decrease the moisture level. A dry metric ton unit consists of 1% of iron (Fe) contained in a tonne of ore, excluding moisture.
WhatsApp: +86 18838072829Photographs of the iron ore fines: (a) dry and (b) with nominal moisture content of 1 kg water/kg dry solids, showing agglomeration of wet particles Figure 3.
WhatsApp: +86 18838072829Vale, which started contacting select customers since December about the product, has offered it at a price based on the Platts 62%Fe Iron Ore Index with an adjustment for iron content and a premium of 1/dry metric ton.
WhatsApp: +86 18838072829Fortescue's iron ore fine and lump prices are about 312% less than benchmark prices agreed in May between Nippon Steel led Japanese steel firms with Rio Tinto for 97 cents per dry metric ton ...
WhatsApp: +86 18838072829C1 cash cost FOB port per metric ton for iron ore fines exroyalties reached the lowest mark in the iron ore industry at US /t in 4Q15 vs. US /t in 3Q15. The reduction in C1 cash cost was mainly driven by the BRL depreciation and ... decreased from US /t in 3Q15 to US /t in 4Q15 on a dry metric ton (dmt) basis.
WhatsApp: +86 18838072829The official TSI Iron Ore reference price for Iron Ore Fines 62% Fe, Chinese Imports, CFR China Port as published in The Steel Index (US/dry tonne); ... US (US zero point one zero) per dry metric ton of the Ore for each 1% (one percent) by which the Silica content exceeds % (four point five zero percent). If the Silica content ...
WhatsApp: +86 18838072829Description: Iron ore (any origin) fines, spot price, China, 62% Fe beginning December 2008; previously %. Unit: US Dollars per Dry Metric Ton. Currency: Compare to: Source: Thomson Reuters Datastream, World Bank. See also: Mineral production statistics. See also: Top commodity suppliers. See also: Commodities glossary Definitions ...
WhatsApp: +86 18838072829Iron_ore Read online for free. Scribd is the world's largest social reading and publishing site. Open navigation menu. Close suggestions Search Search. en Change Language. close menu Language. English (selected) Español; Português; Deutsch;
WhatsApp: +86 18838072829Hematite, the main iron ore found in Brazilian mines Stockpiles of iron ore pellets like this one are used in steel production An illustration of iron ore being unloaded at docks in Toledo, Ohio. Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to ...
WhatsApp: +86 18838072829Iron ore futures traded in Singapore ended at a metric ton on Thursday, up slightly from the prior close of The price has eased slightly from the recent peak of a metric ton on Sept. 15, but remains 17% above the low of hit on Aug. 3.
WhatsApp: +86 18838072829The price spread between Brazilian high iron content Iron Ore Carajas (IOCJ) and seaborne medium brand fines has been bogged down by sluggish demand fundamentals amid diminished mill margins, higher portside stocks in China and limited support for Brazil's export prices despite the rainy season, market sources told SP Global Commodity Insights Sept. 8.
WhatsApp: +86 18838072829Production is usually quoted in terms of wet metric tonnes (wmt), and the iron ore price is based on dry metric tonnes (dmt) To adjust from wet to dry tonnes, an 8% reduction is applied to the wet tonnes to adjust for moisture content It's important to understand whether something is being quoted in 'dmt' or 'wmt'
WhatsApp: +86 18838072829US10 per dry metric ton. These operating costs apply to ore delivered to Ponta da Madeira Maritime Terminal. From there, the product is mainly shipped to Chinese steel mills, which accounted for nearly 40% of the company's gross revenue in 2014. The high quality of Vale's iron ore and the decrease in its operating costs are some key factors in
WhatsApp: +86 188380728291. Introduction. Shipping by sea currently accounts for more than 80% of global trade volume, with iron ore accounting for the largest solid bulk turnover per year, totaling billion metric tons by sea in 2016, mainly from Australia (57%) and Brazil (26%) to China (71%) [1].Brazil is the second largest iron ore exporter and has approximately % of the world's iron reserves, equivalent to ...
WhatsApp: +86 18838072829In 2022, the iron ore price grew to dollars per dry metric ton unit, which was the highest price since 2011. As of April 2023, the monthly iron ore price sat at about 117 dollars ...
WhatsApp: +86 18838072829Other articles where fines is discussed: iron processing: Lumps and fines: Asmined iron ore contains lumps of varying size, the biggest being more than 1 metre (40 inches) across and the smallest about 1 millimetre ( inch). The blast furnace, however, requires lumps between 7 and 25 millimetres, so the ore must be crushed.
WhatsApp: +86 18838072829Price Volatility Drivers. Iron ore prices have been volatile since hitting a record level in May 2021, when they reached 237 per metric ton (MT) on the back of rising demand from China. In ...
WhatsApp: +86 18838072829The Platts spot iron ore lump premium assessment (IOCLP00) is of the premium a lump cargo commands over the price of fines as defined by the Platts 62% Fe Iron Ore Index, or IODEX. . Besides spot transactions, the assessment has also been used by miners, steelmakers and traders globally to price longerterm contracts.
WhatsApp: +86 18838072829Iron ore fines 62% Fe CFR (TIO) Iron ore fines 62% Fe CFR (TIO) Futures. ... Iron ore contracts generally include 500 dry metric tons of raw ore. RECENT NEWS (DBB,IYM,EVMT,GLTR,BCIM)
WhatsApp: +86 18838072829Iron Ore Monthly Price Rand per Dry Metric Ton. Range. 6m 1y 5y 10y 15y 20y. Nov 2018 Sep 2023: (%) Chart. Description: Iron ore (any origin) fines, spot price, China, 62% Fe beginning December 2008; previously %. Unit: Rand per Dry Metric Ton.
WhatsApp: +86 18838072829Iron ore fines 58% Fe, low alumina CFR China: DCE: ... For example, a Chinese steelmaker wishing to hedge 100% of its price risk on short physical position of 1,500 metric tons of iron ore will be able to buy 15 futures contracts on the DCE and, as a result, have up to 15 indirect counterparties which can, at any time, offset their short ...
WhatsApp: +86 18838072829At per metric ton on Aug. 17, the CME August futures contract TIOQ21 for 62% ironore fines delivered to China traded around 30% lower month to date, on track for the largest monthly ...
WhatsApp: +86 18838072829In 2022, the average price for iron ore stood at 121 nominal dollars per dry metric ton. ... Iron ore Fe content in major producing countries 2012; China's imports of iron ore ;
WhatsApp: +86 18838072829In comparison to the seaborne prices, which is quoted in dollars per dry metric ton, the portside prices represent the Chinese yuan per wet metric ton value of iron ore available for the cash market with VAT and port fees included in the prices.
WhatsApp: +86 18838072829The price per dry metric ton unit is the price per 1% of iron in the ore and can be used to derive a price per tonne (metric ton) of ore if the iron content of the ore is known.
WhatsApp: +86 18838072829Price Chart Historical Data News. Prices for iron ore cargoes with a % iron ore content for delivery in Tianjin eased to 134 per tonne from the over oneyear high of 138 touched on November 22nd as regulatory action ramped up caution for purchasers. Market players noted that Beijing intervened in bid prices to limit speculatory ...
WhatsApp: +86 18838072829What are Iron Ore Fines? Iron ore is a natural/raw material that is mined around the world. The material is processed to allow its use in the iron/ steel making industry. Initially, this involves crushing followed by screening to separate the ore into lumps and fines. If the iron content of the processed ore is >60% then it can be shipped ...
WhatsApp: +86 18838072829Analysis: The primary issue in these cases is whether the Fe (iron) percentage in iron ore fines should be determined on a Dry Metric Ton (DMT) basis or a Wet Metric Ton (WMT) basis for classification and rate of duty calculation. This matter was decisively settled by the Supreme Court in 1997 and was reinforced by CBEC Circular No. 4/2012Cus.
WhatsApp: +86 18838072829Monthly price chart and freely downloadable data for Iron Ore. Price in Canadian Dollar per Dry Metric Ton. 60 month history. Toggle navigation ... Iron Ore Monthly Price Canadian Dollar per Dry Metric Ton. Range. 6m 1y 5y 10y 15y 20y. Oct 2018 Sep 2023: (%) Chart. Description: Iron ore (any origin) fines, spot price, ...
WhatsApp: +86 18838072829Iron ore prices are firm on improved China demand, but loosening fundamentals point to a weaker second half. ... The SP Global Platts IODEX 62% Fe iron ore price rallied to per dry metric ton July 18 as Chinese steelmakers took advantage of favorable import margins to buy from the seaborne market rather than procure from portside ...
WhatsApp: +86 18838072829For the purpose of charging of export duty the assessment of Iron ore, determination of Fe contents is required to be made on Wet Metric Ton (WMT) basis which in other words mean deducting the weight of all impurities (inclusive of moisture) out of the total weight/Gross Weight to arrive at Net Fe contents. APPERANCE :
WhatsApp: +86 18838072829"Iron Ore Fines Effective rate of export duty In exercise of the powers conferred by subsection (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being ... (WMT) and other on the basis of Dry Metric Ton (DMT). 2. Hon'ble Supreme Court in the matter of Civil Appeal No. 7539 of 1995 in case of Union of India Vs ...
WhatsApp: +86 18838072829Along with the spot market, Vale is charging premium of about per dry metric ton over the normal price formula it applies for carajas ironore longterm supply contracts with Chinese steelmakers.
WhatsApp: +86 18838072829Wildebeest submits: It won't be long before the 2010 round of contract talks begin between the major iron ore producers and major European and Asian.
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