Singapore Exchange has cleared a record high of 108.9 million tonnes for its flagship iron ore swaps in 2012.This is 2.5 times of the 43.2 million tonnes cleared in 2011. Open interest reached an all time high of 12.3 million tonnes on ...
Singapore Exchange has cleared a record high of 108.9 million tonnes for its flagship iron ore swaps in 2012.This is 2.5 times of the 43.2 million tonnes cleared in 2011. Open interest reached an all time high of 12.3 million tonnes on ...
Tags: SGX Iron Ore Swaps, Hit Record High, flagship iron ore swaps
Reuters reported that iron ore shipments to China from Australia's Port Hedland,a bellwether for Chinese industrial activity,surged 25%in December,from the previous month. Port authority data said that China imported 20.23 million tonnes ...
Tags: Port Hedland, China, iron ore, Australia
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 ...
Live Mint reported that the Orissa government is preparing to start electronic auctions for iron ore in the new financial year,aiming for equitable distribution in addition to greater transparency. A state official,said that,but this may ...
Bloomberg reported that POSCO agreed to buy a stake in ArcelorMittal Mines Canada Inc. Mr Chung Jae Woong spokesman of POSCO said that POSCO hasn’t decided on the amount of stake it will purchase or for how much The Maeil Business ...
Tags: POSCO, ArcelorMittal Mines Canada, iron ore, company news
Iron ore prices have been hurtling along in December at an amazing pace even outracing the finished price levels. Whopping 18% growth in December has baffled all market estimates. On the hindsight finished market could creep merely 1%. ...
Tags: Iron ore, iron ore prices, iron ore market, iron ore industry
AAP reported that Fortescue Metals Group says it has loaded 8.5 million tonnes of iron ore and achieved an annualized 100 million tonne production run rate in the last month of 2012. The iron ore focused company said the December run rate ...
Tags: iron ore, FMG, Fortescuem, AAP
Fitch Ratings forecasts that after a period of severe destocking in 2012,raw steel production in China will grow 3%to 4%in 2013.But the ratings agency also believes that Chinese steel demand has likely peaked and should grow at less than ...
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 ...
In a report out this week Norwegian analysts at Arctic Securities suggest Chinese iron ore imports are set to spike.The news comes as iron ore inventories at Chinese ports stand at their lowest for more than two years. According to ...
Tags: iron ore, AID, Arctic Securities, China
Mr.Dmitry Nikolaenko,sales director and member of the executive committee of Metinvest,shared his thoughts with SteelOrbis about Metinvest's acquisition of Zaporizhstal,about Metinvest's services and on the Turkish flat steel market in ...
Tags: Metinvest, Zaporizhstal, flat steel
Spot coking coal prices in Asia-Pacific were either steady or slightly higher Monday depending on the coal type amid positive trends in steel and iron ore prices. Price moves in metallurgical coal remained limited, however, as there ...
Tags: coking coal, coking coal prices, metallurgical coal, Asia
It was assessed by SunSirs that in the tracked 100 spot commodities,16 commodities increased in prices, 17 fell and 65 remained unchanged on 28/12/2012.The largest rises were DOP (1.34%),Hydrofluoric acid (0.88%),Silver (0.68%),while the ...
Tags: China, spot commodities, price, China market
It was assessed by SunSirs that in the tracked 100 spot commodities,30 commodities increased in prices, 15 fell and 53 remained unchanged on 27/12/2012.The largest rises were Iron ore (2.54%),Natural rubber (0.91%),Steel I bean ...
Tags: China, 100 spot commodities price, China economy, commodities