The prospects for Australia's biggest commodities export continue to worsen in the eyes of forecasters, with the federal government's forecaster wiping $66 billion from expected iron ore export revenue out to 2016-17 and leading global ...
Tags: iron ore export revenue, sharemarket, share
Australia's sharemarket roared back to life with its biggest rise in the past eight months as investors snapped up bargains after a three-day decline. The benchmark S&P/ASX 200 closed up 1.8 per cent at 5120.2 after hitting a seven-day ...
Tags: stocks, sharemarket, benchmark
The sharemarket fell sharply yesterday as iron ore prices declined and strong jobs news cooled hopes of interest rate cuts. Employment jumped by 71,500 places last month, the Australian Bureau of Statistics said. Economists had expected a ...
Tags: sharemarket, iron ore prices, iron ore
As of March 11, inventory of iron ore at 25 major Chinese ports amounted to 76.38 million mt, down 490,000 mt or 0.64 percent on week-on-week basis, as announced by China’s Xinhua News Agency. As of March 11, the Xinhua-China Iron ...
Tags: Iron Ore Inventory, Iron Ore, Iron, Ore
As of March 4, the Xinhua-China Iron Ore Price Index for imported iron ore with 63.5 percent iron content was at 151 points, down five points week on week, as announced by China’s Xinhua News Agency. Meanwhile, the Xinhua-China Iron ...
Tags: Iron ore inventory, Iron ore, Iron Ore Price
Australia’s Fortescue Metals Group, the world’s No.4 iron ore producer ranks behind Rio Tinto, Vale and BHP Billiton, reported 40% profit fall in first-half. Iron ore price fell sharply and costs rose as it ramped up ...
Tags: iron ore producer, iron ore, Iron ore price
The Australian dollar was little changed yesterday in Asian trading, in a muted response to remarks from US Federal Reserve chairman Ben Bernanke that the world's largest economy still had quite a way to go towards recovery, despite recent ...
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week stable to slightly lower on Friday, amid a pick up in fixture activity, even as the market continues to be weighed down ...
Tags: Panamax coal freight, fixture activity, coal
The sharemarket ended a three-day losing streak yesterday as the latest earnings results from US aluminium giant Alcoa reassured investors in the resources-heavy domestic bourse, with high-yield and defensive sectors of the market well bid. ...
Tags: aluminium, Alcoa, market well bid, aluminium market
The Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
According to report,China's steel giant Baosteel said today that it will increase steel prices for February on higher raw material costs and strong outlook for steel demand.This accouchement may encourage other large steel mill to raise the ...
Tags: Baosteel, steel prices, raw material costs, large steel mill
The West Australian cited Mr Richard Mehan MD of Grange as saying that the combination of market speculation over a future acquisition and the recent iron ore price rally has provided Grange Resources with an overdue market revaluation. ...
Tags: Metallurgy, Mineral, iron ore, market conditions
Cat was finally out of the bag on the 3rd day in New Year. Even though not coming as a surprise the muddled pattern gave indication of inherent diffidence. As reported earlier by us on January 1st, it is learnt that HRC price is hike by ...
Tags: HRC price, India, steel mills, steel price
Business Standard reported that the All OdishaF Steel ederation, an association of secondary and finished steel makers, has urged the ministerial panel on raw material supply to address issues pertaining to pricing and availability of ...
Tags: Iron Ore, Iron Ore price, Odisha Steel Federation, steel market
AAP reported that Fortescue Metals Group shares are heading towards a 6 month high after breaking through USD 5 amid global optimism and an increase in the iron ore price. The Pilbara focused iron ore miner closed 2.4% higher at USD ...
Tags: Fortescue Metals Group, shares, iron ore price, company news