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Iron Ore Prices Are Likely to Drop to $115/Dry Mt CFR China This Year

Apr 16, 2014

Iron ore prices are likely to drop to $115/dry mt CFR China this year, lower than Q1's $120.68/dmt average, forcing as much as 70-80 million mt/year of high-cost Chinese supplies to shut, Standard Bank said Monday. Iron ore reference ...

Tags: Iron Ore, iron ore demand

Chinese Steel Market Sources Expressed Contentment at The Country's 85-86 Million Mt

Jan 8, 2014

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 ...

Tags: Iron Ore, Mineral

Tangshan Iron and Steel Group Co Ltd Is Leading The Effort to Go Abroad

Dec 26, 2013

Tangshan Iron and Steel Group Co Ltd is leading the effort to go abroad as the country's steel and iron industry struggles with overcapacity, reports Du Juan from Tangshan, Hebei province Against the background of the overcapacity problem ...

Tags: Steel Capacity, Mineral

Ocean Shipping in The Future to Force Down The Iron Ore's Price

May 8, 2013

BHP Billiton, the 3th world's biggest iron ore suppliers, expressed that the increase speed in iron ore supplies would accelerate and it would lead a lower price of iron ore. “The increase speed of supply will accelerate in the next ...

Tags: Iron Ore, Ocean Shipping

India's Supreme Court Has Decided to Lift The Mining Ban in Karnataka State

Apr 22, 2013

India's Supreme Court has decided to lift the mining ban in Karnataka state, allowing 18 more mines, both category A and B, to resume operations 21 months after imposing a mining ban in the state for environmental reasons, according to ...

Tags: Supreme Court, Karnataka Mines, Resume Operations

Baogang's Iron Ore Supplies in Total Iron Ore Consumption Increased to 59.01 Percent

Jan 11, 2013

On January 10, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that in 2012 the share of its own iron ore supplies in total iron ore consumption in its steel production increased to 59.01 percent, ...

Tags: Chinese steelmaker, Baogang Group, iron ore supplies, 2012

Anshan Iron and Steel Group Has Received Approval for Its Largest Ever Expansion Project

Jan 6, 2013

Anshan Iron and Steel Group has received approval from the National Development and Reform Commission for its largest ever expansion project. The project covers the developing of three new iron ore mines, expanding the current seven iron ...

Tags: Anshan Steel, Iron, Steel, expansion project

Pakistan Steel Mills Is on a Four-Day Visit to Iran to Discuss Iron Ore Supplies

Dec 27, 2012

A delegation from Karachi-based Pakistani long steel producer Pakistan Steel Mills(PSM)is on a four-day visit to Iran to discuss iron ore supplies from the country to support the production of the Pakistani steelmaker,according to media ...

Tags: Steel Mills, Steel, Steel industry, steel producer

Sponge Iron Manufacturers Association Is Likely to Affect India's Sponge Iron Production

Dec 13, 2012

Business Standard reported that according to the Sponge Iron Manufacturers Association, the recent clamp down on miners by the Odisha government is likely to affect India’s sponge iron production by around 15% in the current financial ...

Tags: Sponge Iron Manufacturers Association, India, iron production, iron

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