Iron Ore Trades Thin on Thursday
Reuters reported as the steel market rebounded in China spot iron ore remained thin in trades on Thursday.
Reuters reported as the steel market rebounded in China spot iron ore remained thin in trades on Thursday.
SMH reported iron ore and coal are no longer driving forces in the Australian market.
Reuters reported China iron ore demand is expected to remain low on the spot market after a three-day break.
Kitco reported New Millennium Iron Corp. (TSX:NML) will be a direct shipping ore producer as well as holding the largest iron ore resource base in Canada.
Rogue Iron Ore Corp. (TSXV:RRS) announced results from drilling at its Radio Hill iron ore project in Canada.
Mining Weekly reported BC Iron (ASX:BCI) has reported a 25% increase in the direct shipping ore (DSO) resource estimate at its Nullagine joint venture grading 57% iron.
Reuters reported Marubeni Corp (TYO:8002), POSCO (NYSE:PKX) and STX Corp (SEO:01181) will buy 30 percent of an Australian iron ore project for A$3.5 billion.
Reuters reported spot iron ore prices extended gains as strong steel production in China sustained the upward momentum of the steelmaking raw material, but further increases may be curbed.
New Millennium Iron Corp. (TSX:NML) announced its financial results for the fourth quarter and year ended Dec. 31, 2011.
Reuters reported Vitol has made its first major move into iron ore, with an offtake agreement with London Mining (LSE:LOND).
Get our independent commentary on iron trends and companies delivered to your inbox.