Articles Tagged "imports"

Iron Market: Heading For A Glut?

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, [...]

China’s Iron Ore Imports rise caused by fake demand

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 [...]

Iron ore pricing delayed

Negotiations on the annual benchmark prices for iron ore imports in China are not likely to conclude before April 1, when a new annual agreement usually comes into effect, according to analysts. For full story, click here

Rio Tinto Deal with Chinalco in Australian Hands

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 [...]

Iron price set to find its equilibrium

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 [...]