By Kishori Krishnan Exclusive To Iron Investing News The China Iron and Steel Association, which regulates the iron and steel industry, has cracked the whip. Teaming up with the Ministry of Commerce, the duo have begun a joint investigation into the issue of illegal speculative purchasing. This could lead to the cancellation of iron ore [...]
Continue reading "Growing Pressure On Benchmark Price"
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, February 3, 2009
By Melissa Pistilli-Exclusive to Iron Investing News President Barack Obama’s US$819-billion stimulus package apparently carries a “Buy American” provision that has seriously ruffled the feathers of the Canadian government. There are fears that the proposed protectionist measures could essentially create a trade barrier against Canada’s iron and steel exports to the U.S. On Thursday, the [...]
Continue reading "“Buy American”, a NAFTA violation?"
Tuesday, November 18, 2008
By Melissa Pistilli-Exclusive to Iron Investing News Customers of the world’s three largest iron ore producers have asked for shipment deferrals leading the big miners to consider production cutbacks. Vale [NYSE: RIO], the world leader, has cut output by 10 per cent and maintains it will cooperate with customers needs. Rio Tinto [RTP] has also [...]
Continue reading "BHP sees no need to cut production"
Wednesday, October 1, 2008
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Continue reading "China does not need Vale anyway"
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Tuesday, July 14, 2009