Baosteel Says Buying Iron Ore Based on Quarterly Pricing
Reuters reports Baoshan Iron & Steel (SHA:600019) is currently buying iron ore based on quarterly prices calculated using Platts' iron ore index.
Articles Tagged "Baosteel"
3 Factors Iron Investors Should Consider
Concerns about the future of the iron market are growing. Investors considering their next move may want to consider oversupply, China's electricity and Japan's steel industry.
More Iron from India May not Relieve Steelmakers’ Pain
High iron ore prices are a reality steelmakers have been trying to cope with. There are hopes that recent progress toward lifting an export ban in India will provide some relief, however, those hopes may be met with disappointment.
Baosteel expects iron ore prices to remain high
Mineweb.com reports that according to executives at Chinese Baoshan Iron & Steel, (SHA:600019) the price of iron is expected to remain high.
Baosteel To Edge Out Xstrata in Anglo American?
By Kishori Krishnan Exclusive To Iron Investing News Iron clad deals are in play. Chinese steel and iron ore group Baosteel has proposed to pay US$ 1.6 billion for a 30 per cent stake in Anglo American‘s (AAL.L) huge Minas Rio iron ore mine in Brazil. Traders maintain that any deal with Baosteel could help [...]
Strong Signs Spur Iron Talks
By Kishori Krishnan Exclusive To Iron Investing News Rio Tinto has completed the sale of its Corumba iron ore mine in Brazil to mining giant Vale SA for a cash consideration of $750 million. The Corumba sale, which was agreed in January, includes a potash project in Argentina and exploration assets in Canada. The Corumba [...]
Iron Ore Prices To Linger Low
By Kishori Krishnan Exclusive to Iron Investing News The talks haven’t borne fruit, as yet. Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day. Shan Shanghua, secretary-general [...]
Baosteel Group in talks with Vale for iron ore price increase
China’s Baosteel Group is negotiating on behalf of the China Iron & Steel Association with Brazilian mining giant Companhia Vale do Rio Doce for iron ore price hike. The newspaper cited an unnamed industrial official as saying : China expects to see a better outcome through negotiation, but adding it carries no meaning that China [...]
