Daytrading Aug 29 pre-market, page-3

I think the Iron Ore market needs some GOOD NEWS...

so who else to provide it than me!

Good News...

India to turn big importer of iron ore in FY15
Steel industry forced to increase shipments due to declining domestic production

Unstable domestic production, increase in royalty rates and lower prices in the global market would contribute towards increasing imports. Domestic production has been steadily declining from a high of 220 mt in 2009-10 to 150 mt in FY14.


read More......http://www.business-standard.com/ar...orter-of-iron-ore-in-fy15-114082700879_1.html


And there is more GOOD NEWS for Iron ore....
Tata Sponge goes for maiden iron ore import to beat shortage

Faced by lingering crisis over the shortage of iron ore availability, Tata Sponge has embarked on its maiden import of the ore despite having an off-take pact with the parent Tata Steel.

Read more Here....

http://www.dnaindia.com/money/repor...iden-iron-ore-import-to-beat-shortage-2012937

And India is just starting to roar....

India’s growth engine looks to be revving up


After two consecutive years of sub-5 percent growth, India's economy looks to have snapped out of its funk in the April-June quarter, as optimism surrounding the new government drove a pickup in economic activity.

Read more here...

http://www.cnbc.com/id/101946327#.


Good times ahead.