Shihua declared that Tangshan Iron and Steel Co Ltd has intended to acquire Handan Iron and Steel Co Ltd and Chengde Xinxin Vanadium and Titanium Co Ltd through share swap. All of them are under the aegis of the Hebei Iron and Steel Group. For full story, click here
Read the full article: "Hebei Iron and Steel group will integrate 3..."
Friday, May 29, 2009
Mount Gibson Iron Ltd. declared that it has set its contract iron ore prices in line with the price cuts agreed between Rio Tinto Ltd. and Nippon Steel Corp. this week. For full story, click here
Read the full article: "Mount Gibson has set up iron ore price with..."
Thursday, May 28, 2009
According to the related statistics, Brazil exported 279,000 tonnes of pig iron in March, dip by 30.9% compared to the same period of 2008. For full story, click here
Read the full article: "Brazillian pig iron exports dip by 30.9% in..."
Thursday, May 28, 2009
It is declared that world’s leading mining company BHP Billiton Ltd does not expect a sharp rebound in commodities demand and sees a slow and protracted recovery in the international economy. Mr Marius Kloppers CEO of BHPB declared in Canberra: We do expect to see stabilization in the next three to six months as the [...]
Read the full article: "BHBP CEO doesn’t expect sharp rebound..."
Thursday, May 28, 2009
China’s iron ore equilibrium formula is likely to benefit Indian exporters of the ore more than its competitors Brazil and Australia. Haresh Melwani, CEO, H L Nathurmal & Co, a miner and exporter from Goa, stated: Being geographically advantageous due to the lower freight rates compared to Brazil and Australia, India’s iron ore demand would [...]
Read the full article: "China’s Iron Ore Price Formula will..."
Wednesday, May 27, 2009
By Kishori Krishnan Exclusive To Iron Investing News The heat is on. Australian miner Fortescue Metals Group (FMG.AX) said on Thursday that Chinese steel mills are unlikely to get a better deal for iron ore purchases than the 33 per cent reduction agreed by Japanese and South Korean rivals. Fortescue, Australia’s third-largest iron ore miner, [...]
Read the full article: "Chinese Mills Turn On the Heat"
Wednesday, May 27, 2009
India’s MMTC declared that it has held a 30,000 tonne of pig iron export tender for June shipment. For full story, click here
Read the full article: "India’s MMTC updated bid for exporting..."
Wednesday, May 27, 2009
The head of BHP Billiton, the world’s top miner, voiced doubts about the durability of recent strong Chinese demand for commodities and announced the picture for international demand was unclear. For full story, click here
Read the full article: "BHP Billiton has voiced doubts about..."
Wednesday, May 27, 2009
China rejected on Wednesday a 33 percent cut in iron ore prices agreed a day ago by Japanese steelmakers, while No.4 international mill POSCO prepared to accept the deal, highlighting the growing schism that has emerged in a single benchmark system. For full story, click here
Read the full article: "China announced rejection of Iron Ore deal,..."
Monday, May 25, 2009
With the impending gradual shift form benchmark pricing based long term contracts to spot cargos, it has become more vital for both sellers as well as purchasers to precisely monitor the daily movements of iron ore spot prices to keep tab on trends and spot opportunities. For full story, click here
Read the full article: "Spot prices Of Indian Origin Iron Ore Fines"
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Friday, May 29, 2009