Cia. Vale do Rio Doce, the world’s leading iron-ore producer, declared that output fell 37 percent in the first quarter as it shut down mines because of lower demand. For full story, click here
Continue reading "Vale Rio’s Quarterly Iron-Ore Output drop on lower demand"
Friday, April 17, 2009
Analysts announced iron ore prices may not dip as heavily as originally predicted, with strong demand continuing from China. For full story, click here
Continue reading "Strong demand will support iron ore prices"
Friday, April 17, 2009
Iron ore exports surged 17% to 12.6 million tonnes in February 2009 from 10.8 million tonnes in the same month a year ago, backed by a moderate revival in demand from Chinese steel producers. Consulting firm Ernst & Young partner Naveen Vohra, stated: The October-November period was bad for domestic iron ore companies as they [...]
Continue reading "Iron Ore exports rose 17% on strong Chinese demand"
Wednesday, April 15, 2009
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
Continue reading "Iron Market: Heading For A Glut?"
Tuesday, April 14, 2009
China’s steel industry is reported to have overestimated the country’s demand for iron ore and as a result imported a record high amount of the material in March. For full story, click here
Continue reading "China recorded volume imports of iron ore in March"
Monday, April 13, 2009
China’s iron ore imports rose in February and March because of fake demand brought about by stockpiling and they are likely to fall off over the rest of the year. Liang Shuhe, the vice-chairman of the Ministry of Commerce’s Foreign Trade Department, stated: The increase in steel production in January and February didn’t lead to [...]
Continue reading "China’s Iron Ore Imports rise caused by fake demand"
Friday, April 3, 2009
The dip in Indian iron ore prices has been steady in the last 6 weeks due to lack of demand from the Chinese steel manufacturers. For full story, click here
Continue reading "Indian spot iron ore FOB prices aiming for 40% dip"
Friday, March 27, 2009
Iron ore, the prime raw material for making steel may have to see a further dip in prices. While the steel demand has declined heavily, iron ore prices, which more than doubled last year, remain vulnerable to a decline. For full story, click here
Continue reading "Iron ore to dip further amidst falling global steel demand"
Tuesday, March 17, 2009
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 [...]
Continue reading "Rio Tinto Deal with Chinalco in Australian Hands"
Wednesday, March 11, 2009
By Kishori Krishnan Exclusive To Iron Investing News The closure of major steel operations in the Hamilton area are set to reverberate around the economy, potentially affecting everyone from iron ore producers in Quebec and Labrador to coal companies in Western Canada. Pittsburgh-based United States Steel Corp. has said it will indefinitely idle operations at [...]
Continue reading "Iron price set to find its equilibrium"
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Tuesday, April 28, 2009