Members of the Iron Workers Local 17 dipped their hardhats and picked up picket signs and marched outside the under-construction Elyria High School in protest of a nonunion company’s work on the project. For full story, click here
Senior Chinese steel industry officials has called on Beijing to consider abolishing spot iron ore trade and sharply has reduced the number of licensed importers, which they blame for undermining their position in deadlocked iron ore price talks. For full story, click here
The Directors of Apollo Minerals Limited declared that Apollo has agreed to purchase from Thundelarra Exploration Limited tenement E47/1304, known as Mt Oscar East with respect to all mineral rights. For full story, click here
Securities Daily declared that Chinese spot ore imports price has posted relentless upswing fueled by a rebound in the economy. For full story, click here
As per a report from the Lake Carriers’ Association, the US Great Lakes’ iron ore trade suffered another bad month in June. For full story, click here
Australia, Brazil, India, South Africa and Ukraine become the main iron ore exporter to China. In June China imported 49.94 million tons from these five countries accounting for 90% of the nation’s total iron ore import volume. For full story, click here
When China’s steel executives meet next week for their biannual meeting, issues such as first-half performance and oversupply may take a back seat as the industry body braces itself to be grilled about its protracted iron ore talks with global miners. For full story, click here
BS declared that the Orissa government will promote value addition of iron ore fines in the state and has already entered into a MoU with 3 companies for manufacturing of pellets using iron ore fines and nine more proposals are in the pipeline. For full story, click here
Beijing Business Today declared that Wuhan Iron & Steel Corp Ltd one of China’s leading steelmakers is leading the rivals in acquiring oversea iron ore resources. For full story, click here
Goldman Sachs JBWere Pty cash prices for iron ore into China will trade at more than the benchmark Asian contract price for at least the next 12 months as demand from steel makers’ rebounds. For full story, click here
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