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 ...
Business Line reported that NMDC is likely to hike prices of iron ore for January, as global ore prices rallied strongly this month in the wake of a demand revival from China. Sources said that the iron ore miner, which currently fixes ...
Tags: NMDC, iron ore, global ore prices, ore market
Business Line reported that Sesa Goa shares may remain in focus as iron ore prices are trading at a seven month high. Iron ore prices gained momentum as China’s factory output and retail sales jumped for the last three months, ...
Tags: Sesa Goa, iron ore prices, China, factory output, retail sales
According to the China Iron and Steel Association, as of December 28 this year, inventory of the main finished steel products (plate, hot rolled coil, cold rolled coil, rebar and wire rod) in 26 major steel markets in China totaled 11.88 ...
Tags: China Iron and Steel Association, steel products, rolled coil, rebar
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
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
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
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
On December 27,the China Iron and Steel Association(CISA)stated that in mid-December(Dec.11-20)this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1,623,300 mt,down 2.03 ...
Tags: iron, steel, price, steelmaker
Proactive Investors reported that iron ore miners appear set for a sustained bull run as iron ore prices resurge after declining five straight months on the back of strong Chinese growth and falling inventories. Fortescue Metals Group was ...
Tags: China, Iron Ore, Proactive Investors, iron ore prices, metal market
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
Australia based miner Fortescue Metals Group Ltd announced that it will resume works in January 2013 at the Kings deposit within the Solomon mining hub in the Pilbara region of Western Australia. The decision to complete the development ...
Tags: Fortescue Metals Group, metal, iron, price, improvement