BHP Billiton Ltd., the largest mining company, says there's a new reality as the flight to quality boosts the premium users will pay for higher-grade ore. "Demand for higher-grade ore will continue as long as the steel margins support their purchase of higher grade," said Kumar referring to mills' profitability, which has risen this year. plans to raise the iron content in its ore to 58-to-59 per cent from 54-to-57, Kumar said. The curb was lifted two years later and exports have been recovering.Overseas shipments rose to 31 million tons in the year to March 31 -- about half from Goa -- from 5.4 million tons the previous fiscal year. In the four months to July this year, exports were 36 per cent higher on year at 8.4 million tons, official data show.

Source: Economic Times October 24, 2017 06:14 UTC