ABC News reported that iron ore prices have bounced back after bottoming three months ago, reigniting many shelved expansion plans. A once in a century mining boom has driven the Australian economy, sustained by China's huge appetite ...
Tags: iron ore prices, iron ore, mining, Australian economy
Bloomberg reported that to the price of iron ore delivered China, the largest importer, climbed to a 14 month high in what Credit Suisse Group AG described as one last hoorah. According to the Steel Index, ore with 62% content at the ...
Tags: iron ore, China, India, iron price, iron ore market
Providence seems to favor Indian mills at the onset of Q4. Market is piquantly abuzz with expectation of price hike in long and flat by at least INR 500-1000 per tonne. If the import parameters seem to be favoring the flat producers with ...
Tags: Indian mills, India, Indian economy
Putting behind the gloom of 2012 Chinese economy and industry seems to be warming up for an auspicious entry into 2013 at long last. Q4 has seen sudden turn of events kindling hopes of revival in Chinese steel industry backed by impressive ...
Tags: Chinese Economy, steel industry, infrastructure projects, China
The Australian Financial Review reported that Fortescue Metals Group Ltd chief executive officer Mr Nev Power has warned of more short term volatility and fluctuations in the price of iron ore, saying the current rally is unlikely to last ...
The "stubbornly high" level of the dollar strengthens the case that the Reserve Bank will need to cut interest rates by as much as 100 basis points this year, according to ANZ Bank chief economist Warren Hogan. Despite the likelihood ...
Tags: Reserve Bank, ANZ Bank, Dollar, RBA
AUSTRALIAN stocks are set to rise today after the US avoided falling over its fiscal cliff -- at least for now -- and iron ore prices unexpectedly ended the year in positive territory. US tax and spending cuts due to start on January 1 ...
Tags: US, tax, spending cuts, market confidence
While stock and bond traders fretted over the US fiscal cliff and its potential impact on broader markets earlier this week, Chinese iron ore buyers were unconcerned, continuing to push the price of Australia's biggest export higher on the ...
Rio CEO Sam Walsh told The Australian that short-term factors like restocking and the cyclone season are behind the December spike from USD 115 to USD 145. Mr Walsh said “We’re seeing an unusual situation at the moment ...
Tags: Rio, restocking, cyclone season, company news
2013 had crackling opening in China with steel leaping by 1%on the first working day.Even though it was not a surprise since the tempo had been set at the beginning of Q4 with the resounding economic pouring in.Ensuing optimism on raw ...
In an interview with ET Now,Mr CS Verma CMD of NMDC,shares his business outlook and talks about the iron ore price cut. Q-There is a surprise move because the street was probably expecting a rise in prices.Why this 6%cut? A-We take a ...
The Australian sharemarket has opened higher with traders focusing on late gains made in the US session rather than the fact leaders there are yet to agree on avoiding the looming fiscal cliff. At 1045 AEDT,the benchmark S&P/ASX200 index ...
Tags: Fiscal Cliff, index rose, Stocks, share price
The Australia reported that the recent surge in iron ore prices has taken the market by surprise and a solid run is forecast to continue into next year,with delayed expansion plans,stronger Chinese growth and falling Chinese inventories set ...
Tags: iron, profit taking, metal market, iron ore prices
After a month long rally of 17%culminating in the highest level in the last 5 months the buck finally stopped on the eve of New Year in China.Propped on sound macro economic parameters steel production picked up.Steel consumption has shown ...
Tags: Mineral, Metallurgy, Iron Ore Price
The prospects for a pick up in China's economy are getting better by the week,with more signs that 2013 could be a strong year.It is good news for the Australian economy,which has slowed in the past year in the wake of a sharp fall in the ...
Tags: China's economy, Australian economy, iron ore, CEWC