India’s iron ore prices were flat to lower compared with a week earlier, in the absence of long-awaited international benchmark rates, but China’s demand for exports from the world’s No.3 supplier of the commodity remained steady. For full story, click here
By Kishori Krishnan Exclusive to Iron Investing News Rio Tinto Ltd. (LON:RIO) gave a gloomy assessment of global commodity markets Tuesday, saying there is unlikely to be much of a rebound this year and warning the downturn will continue to hit its profits. The downbeat outlook reinforces the company’s message that it needs to proceed [...]
India’s iron-ore exports in March will decline as China, the world’s largest consumer of the steel- making raw material, reduces purchasing after stockpiles rose. For full story, click here
India’s iron ore prices declined on thursday from a week earlier as Chinese buyers stayed on the sidelines in hopes of lower prices, but this did not signal that demand was waning. For more information, click here
China Iron & Steel Association has decided to rebuild iron ore import mode, suggesting that long term contracts be uniformly negotiated, implemented and adjusted at certain intervals by Baosteel and claiming iron ore price should decline back to the level in 2007. For more information, click here
China’s iron ore imports may decline to increase in 2009 for the 1st time since at least 1999 because of slowing demand from steel mills. For full story, click here
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