China will cut iron ore imports by 21%
As per industry group, China may cut imports of iron ore by about 21% this year as demand from mills dropped. For full story, click here
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 recorded volume imports of iron ore in March
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
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 [...]
China’s iron ore imports have hit record 51 mln tonnes
China’s iron ore imports rose to a new record in March which constitutes the latest sign of tumbling spot prices and relatively strong domestic demand in the world’s largest steel producer. For full story, click here
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 [...]
China’s iron ore imports may decline
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
