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, [...]
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
Iron ore prices are likely to decline by 15-20 per cent this year on falling demand from global steel producers because of production cut, according to the latest Fitch Ratings report. For full story, click here
Iron ore prices are set to fall in 2009 after six years of price hikes as deteriorating demand triggers severe production cuts in the steel industry, Macquarie analyst Christina Lee said in a research note: After six consecutive yearly rises totalling almost 400 percent, iron ore prices are certain to fall due to major collapse [...]
Prices of ore fines would fall by about Rs 500 per tonne. NMDC sells calibrated iron ore between Rs 4,000-5,500 per tonne and fines at around Rs 3,000 per tonne. For full story, click here
Prices of ore fines would fall by about Rs 500 per tonne. NMDC sells calibrated iron ore between Rs 4,000-5,500 per tonne and fines at around Rs 3,000 per tonne. For full story, click here
BHP Billiton abandoned its year-long pursuit of Rio Tinto Group, blaming the rout in commodities prices and the credit-market squeeze for derailing the biggest hostile offer. For full story, click here
Over 150 small sponge iron units have closed their operations and several small and mid-sized steel plants and rolling mills scattered across the eastern region are on the verge of shutting down manufacturing units temporarily. Chhattisgarh Sponge Iron Manufacturers’ Association president Anil Nachrani, said: Both sponge iron makers and small steel-making firms are struggling to make [...]
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