Iron Market Update (March 15, 2012)
A brief overview of iron price developments, supply and demand, and significant market movers.
Articles Tagged "iron ore price"
Iron Ore Price Slump to Deepen Despite Indian Supply Cut
Reuters reported with demand from top buyer China still weak, global iron ore prices are not expected to recover in the next few weeks.
Pilbara Iron Ore Prices ‘Will Succumb’
SMH reported the price price of Australia's Pilbara iron ore has begun to crack under the pressure of the global economic slowdown.
Chinese Mills Turn On the Heat
By Kishori Krishnan Exclusive To Iron Investing News The heat is on. Australian miner Fortescue Metals Group (FMG.AX) said on Thursday that Chinese steel mills are unlikely to get a better deal for iron ore purchases than the 33 per cent reduction agreed by Japanese and South Korean rivals. Fortescue, Australia’s third-largest iron ore miner, [...]
No benchmark set for Chinese Iron ore price
Reports reveal that there may be no Chinese benchmark iron ore price set this year because Chinese mills cannot be trusted to honour their contracts. For full story, click here
Iron ore price negotiations forecast revised down
Global miners and steel firms are locked in annual talks to settle iron ore term prices for the year starting April 1st and analysts are lowering their price forecasts as a dwindling global economy is set to cut steel output sharply. For full story, click here
Baltic dry index: Iron market revival
By Melissa Pistilli-Exclusive to Iron Investing News The Baltic Dry Index (BDI), what has been referred to as the “canary in the coal mine” for global trade health, rose 7.5 per cent on Friday. This latest development has injected a dose of optimism into the iron ore market. “Indications are that miners have been [...]
Iron market pins hopes on China
By Melissa Pistilli-Exclusive to Iron Investing News Tuesday afternoon, crippled resource stocks gained relief from the Fed’s emergency interest rate cut. The resource market seemed to benefit the most. The S&P/ASX 200 materials index, with 43 stocks related to the resource market, bounced back 2.9 per cent. Metals prices have fallen dramatically from their bull [...]
Is Vale violating trade laws?
By Melissa Pistilli-Exclusive to Iron Investing News For nearly thirty years, the pricing mechanism for iron ore has involved annual price negotiations between the world’s three leading mining giants and major steel mills. This year’s negotiations led to 79.88 per cent to 96.5 per cent price hikes for Rio Tinto and BHP Billiton with a [...]
