Reuters reported that South Africa is drawing up laws to force platinum and iron ore miners to sell "small amounts" of production to local processors at a discount to diversify its economy. Mr Lionel October director general of the ...
Tags: platinum, iron ore miners, domestic metal, South Africa
METALLOINVEST and OAO Magnitogorsk Iron & Steel Works announced the signing of a long-term contract increasing supply of iron ore. The new contract specifies the pricing structure for the supplied products based on existing market ...
Tags: Iron, Steel, iron ore, contract, pricing structure
Duluth News Tribune reported that the federal government has missed another deadline to impose new regulations for Minnesota taconite plants aimed at reducing air pollutants that cause haze. Minnesota Pollution Control Agency officials ...
Tags: taconite plant, taconite companies, air pollutants, Pollution
Iron ore price hurtled on Monday by an impressive 3% touching USD 130 per tonne marking the biggest daily gain in two months, Led by strong anticipation of inventory pile up by steel mills as the recharged industry with strongest PMI of ...
Tags: Iron Ore, Construction, Gala Time
Mainstream prices of Chinese iron ore average CNY 886 per metric tonne December 17th,up CNY 1 from the previous day.Mainstream market prices rose in Hebei but stabilized in other markets.we expect Chinese iron ore market to see some rises ...
During the SteelOrbis fall 2012 conference&67th IREPAS meeting held in Munich on September 30-October 2,Peter Marcus from World Steel Dynamics(WSD)has assessed the current situation in the world steel industry and provided an outlook for ...
Tags: SteelOrbis, 67th IREPAS meeting, Munich, WSD
Iron ore levels remained ascendant for the 3rd consecutive day. It has touching levels last seen in July. Primarily driven by expected economic recovery in Q1 supported by strong critical parameters has set speculative fear in the market. ...
Tags: iron ore levels, economic recovery, iron market, mill
According to the CBMX data, China's iron ore spot transaction platform run by the China Beijing International Mining Exchange recorded 11 offers of a total of 650,000 million tonne of iron, with the conclusion of one deal. No deal had been ...
Tags: iron ore price news, steel scrap price, buy steel pipe, metal steel
Iron ore market remained affirmative as the mills plunged in buying. Encouraging economic indicators trickling in economy is poised for break after the winter recess. Better than expected industrial output PMI HSBC data in November ...
Bloomberg reported that Chinese leaders have signaled they will continue to support investment in iron ore in Western Australia despite the recent slump in demand for the bulk commodity. Beijing's most powerful economic planning agency ...
Reuters reported that Brazil's Vale SA expects a huge derivatives market in iron ore to eventually take shape as players seek hedging instruments to minimize risk from increasingly volatile prices. Mr Jose Carlos Martins who runs the iron ...
Tags: iron ore price news, iron fx, derivatives market, steel scrap price
Business News Americas reported that Brazilian mining giant Vale's efforts to regain domestic market share include the strengthening of partnerships, such as the one with Korean steelmaker POSCO at the USD 4.34 billion Companhia ...
Bloomberg reported that Vale SA plans to accelerate growth in iron ore output to recover market share it has lost to competitors including BHP Billiton Ltd and Rio Tinto Group. Mr Jose Carlos Martins head of ferrous and strategy at an ...
Tags: iron ore, Vale SA, BHP Billiton Ltd, Rio Tinto Group
Imported iron ore market,improved by 2%breaking 10 days hiatus.The prices of raw materials went up while,prices of steel products kept stable,indicating a typical sign of rebound. Increased steel production touching 1.9599 million tonne ...
The Australian reported that construction of a new rail line through Western Australia's resource rich Pilbara region could drive down iron ore prices and force out of business the very mines the network would unlock, an exhaustive analysis ...
Tags: Pilbara, iron ore, BHP Billiton