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Steelmaking Raw Material
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Iron Ore Majors Must Cut 'like It's 1994' to Halt Further Price Drop: Investec
Dec 16, 2015Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...
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Assumptions About The Direction and Dynamics of The Iron Ore Market Have Been Tested
Aug 27, 2014Long held assumptions about the direction and dynamics of the iron ore market have been severely tested in 2014. After hitting a high of $158.90 in February, the industry was jolted on March 10, when iron ore suffered the worst one-day ...
Tags: Iron Ore, raw material
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The Seaborne Iron Ore Market Reversed Losses as an Influx of Buying Activity Emerged
Apr 21, 2014The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. ...
Tags: Iron Ore, Interest Resurfaces, spot market
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China Imported 755,939 Mt of Iron Ore From India in August,up 49% From 506,322 Mt in July
Sep 25, 2013China imported 755,939 mt of iron ore from India in August, up 49% from 506,322 mt in July, according to data released Monday by the General Administration of Customs. The increase comes on the back of Indian government talks of a ...
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The Spending on Ansteel's Steelmaking Raw Material Falls by 11.92% in Jan-July
Aug 16, 2013On August 14, Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) announced that in the first seven months this year its costs for purchases of steelmaking raw materials indicated an 11.92 percent ...
Tags: Steelmaking Raw Material
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The Country's Fixed-Asset Investment in The Mining Industry Reached $211 Billion
Jan 21, 2013According to the National Bureau of Statistics of China the country's fixed-asset investment in the mining industry reached $211 billion (CNY 1,312.9 billion) in 2012, an increase of 11.8% over 2011. Fixed-asset investment in coal mining ...
Tags: China, mining industry, 2012
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Bloomberg Reported That The Purchase of a Stake in ArcelorMittal Canadian Iron Ore Unit
Jan 7, 2013Bloomberg reported that the USD 1.1 billion purchase of a stake in ArcelorMittal Canadian iron ore unit by China Steel Corporation and POSCO increased interest in Canada’s ability to meet Asian demand for the steelmaking raw material. ...
Tags: ArcelorMittal, Canadian iron ore unit, China Steel Corporation, POSCO
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Reuters : Brazil's Vale SA Expects a Huge Derivatives Market in Iron Ore
Dec 12, 2012Reuters reported that Brazil's Vale SA expects a huge derivatives market in iron ore to eventually take shape as players seek hedging instruments to minimize risk from increasingly volatile prices. Mr Jose Carlos Martins who runs the iron ...
Tags: iron ore price news, iron fx, derivatives market, steel scrap price
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Steel Growth Rates Will Flatten
Apr 8, 2012BHP Billiton Ltd. (RIO), the world’s biggest mining company, said China’s steel production is slowing as the world’s fastest-growing major economy starts to shift to focus more on consumers than large building projects. ...
Tags: industry trends, mining
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