China Rains on Iron Ore’s Parade
Weaker-than-expected construction activity and new curbs on home buying are raising concerns about iron ore's recent run and are prompting some analysts to lower their price forecasts.
Weaker-than-expected construction activity and new curbs on home buying are raising concerns about iron ore's recent run and are prompting some analysts to lower their price forecasts.
A brief overview of iron price developments, supply and demand and significant market movers.
A brief overview of iron price developments, supply and demand and significant market movers.
A brief overview of iron price developments, supply and demand and significant market movers.
Mining Weekly reported a new Roskill report predicts that while its likely iron ore will remain volatile.
Bloomberg reported Posco (NYSE:PKX) may buy a stake in ArcelorMittal Mines Canada Inc. (NYSE:MT) after canceling a bid for Arrium Ltd. (ASX:ARI).
Reuters reported BHP Billiton (NYSE:BHP) says it will expand its iron ore production by a fifth in the next year.
Bloomberg reported Anglo American Plc (LSE:AAL)’s Kumba iron ore unit said profit will drop at least 20 percent this year on lower prices and strikes in South Africa.
Reuters reported China's Wuhan Iron & Steel Co Ltd no longer has a contract to build a 5-million-tonne-a-year steel mill in Rio de Janerio.
Reuters reported Roger Agnelli's mining venture is considering a purchase of BHP Billiton's (NYSE:BHP,ASX:BHP) Mount Nimba iron ore deposit in Guinea.
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