China's iron ore importers need to keep a close eye on the country's steel mills as they mull output cuts and shutdowns amid a year-end credit crunch, the China Iron and Steel Association said Thursday. Prices of iron ore derivatives ...
Iron ore prices may be up for another dive as Chinese steel mills take a breather after the summer production peak, analysts say. The benchmark iron ore price plunged to a fresh five-year low to $US84.30 a tonne on Thursday night, and ...
Tags: Metallurgy, Mineral, Energy, Iron Ore
The seaborne iron ore cended a two-day rally and dipped again Friday, tracking a withdrawal in buying activity as the fast spike and current supply glut hit spot purchasing. Platts assessed the 62% Fe IODEX at $98.75/dmt CFR North China, ...
Tags: Iron Ore, Seaborne Seaborne
Domestic iron ore concentrate prices in north China's Hebei province have declined further by an average 5.7% or Yuan 55/dmt ($11) over the week, in response to both lower domestic steel prices as well as weakening imported iron ore prices, ...
Tags: Iron Ore, Concentrate Prices
Chinese iron ore importers on Monday denied they were under pressure to sell their port stocks so that they repay their debts to the country's banks, refuting recent local media reports. The importers added that the price of the more than ...
Tags: Iron Ore, steel mills
China imported a record 86.83 million mt of iron ore in January this year, up 21.29 million mt year on year and up 13.45 million mt month on month, according to the Chinese customs authorities. Average daily iron ore imports in January ...
Tags: Iron Ore Imports, Mineral
Chinese steel market sources expressed contentment Monday at the country's 85-86 million mt of iron ore inventories at over 20 major Chinese sea ports at present, saying this will likely help steel mills to stabilize imported iron ore ...
On November 11, Chinese steelmaker Shandong Iron and Steel Group announced that on November 1 it officially established Shandong Iron & Steel Group International Trading Co. Ltd. By means of the new subsidiary, Shandong Steel Group will ...
Tags: Shandong Steel, Trading Subsidiary
Australian iron ore miner Atlas Iron Limited announced today, October 17, that strong production from its existing operations, together with the commissioning and ramp-up of the Abydos mine resulted in another quarter of record production ...
Tags: Iron, Iron Ore, Metallurgy, Mineral
As of April 22, inventory of iron ore at 25 major Chinese ports amounted to 71.10 million mt, indicating a rise of 0.57 million mt or 0.81 percent on week on week basis, as announced by China's Xinhua News Agency. As of April 22, the ...
As of April 15, inventory of iron ore at 25 major Chinese ports amounted to 70.53 million mt, indicating a decrease of 2.45 million mt or 3.36 percent on week-on-week basis, as announced by China's Xinhua News Agency. As of April 15, the ...
Tags: Iron Ore Inventory, Mineral
As of April 8, inventory of iron ore at 25 major Chinese ports amounted to 72.98 million mt, indicating a very slight decrease of 230,000 mt or 0.01 percent on week-on-week basis, as announced by China’s Xinhua News Agency. As ...
Tags: Iron Ore, Chinese Ports
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
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
Bloomberg reported that iron ore inventories in China,the biggest user of the steelmaking ingredient,dropped to the lowest levels in 2 years as higher demand pushed up prices. According to weekly data from researcher Beijing Antaike ...