Iron Ore Seen Rebounding in H2
Costly iron ore projects are moving forward despite the metal's lagging price.
Articles Tagged "iron ore prices"
Iron Ore Price Gains 4%
The iron ore price surged more than 4 percent on Tuesday, extending gains made on Monday due to better than expected economic news out of China, and a realization that too much destocking has occurred in that country, reported Mining.com.
Iron Ore Prices Reach 7-Month Low
Iron ore prices dropped to a 7-month low of US$113 per tonne due to weak Chinese steel demand, Business Spectator reported.
Iron Ore Shipping Rates Fall
Bloomberg reports that rates to ship iron ore fell for a ninth day on speculation Chinese steelmakers will cut back from record-high production as prices fall.
Iron Ore in Bear Market
Iron ore has officially entered bear market territory says Motley Fool, quoting Bloomberg.
Iron Ore Prices Stabilizing on Chinese Steel Demand
Strengthening demand in the Chinese steelmaking sector is shoring up the price of iron ore, according to recent media reports.
Vale SA Says Iron Ore to Stay in $110-$160 Range Due to China Demand
Reuters reported that according to Vale SA, the iron ore market is doing quite well and due to high demand from China, the price of this steelmaking ingredient will not go below $110 per ton.
BHP Says Iron Ore Prices Will Decline in Coming Years
Reuters reported that BHP Billiton said the prices of iron ore will decline over the next few years as major iron ore companies have plans to boost production by 2015 and demand from China weakens.
Deutsche Bank Says Iron Ore to Trade at $130-$140/DMT CFR Until Summer
Platts reported that analysts from Deutsche Bank said on Tuesday that iron ore prices may remain steady around the $130-$140/dmt on improved steel demand from China.
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.
