Vale clause means Q3 iron ore prices to stay at record high
Platts reports Brazil's Vale (NYSE:VALE) , the biggest iron ore exporter, looks set to enjoy record-high contract prices into the third quarter.
Articles Tagged "iron ore prices"
Iron Ore Price Train is Coming to a Stop
Sydney Morning Herald reported on a predicted decline in iron ore prices to to oversupply.
Iron Ore to China Falls as Buyers Use Stocks, Deutsche Bank Says
Bloomberg reported that the Deutsche Bank AG said iron ore prices were falling as China turned to stockpiles to meet demand.
High Iron Ore Prices Boost Kumba
Mineweb reported that Kumba Iron Ore (JSE:KIO) announced it doubled full-year profit, adding its numbers were given a lift by increased exports and prices.
Iron-Ore Prices Steady
Reuters Africa is reporting that spot iron prices are remaining steady, with physical market activity expected to pick up when China’s markets reopen after their Lunar New Year holiday. The article states: The recent rally in spot iron ore prices is likely to push up second-quarter contract rates to a record $165 a tonne for [...]
Higher iron ore prices on the way up
The Financial Post.com reports that there is an anticipation that the price of Iron Ore will increase in 2011.
Iron Ore-Prices edge up, tight supplies support
Reuters.com reports that the price of Iron Ore was driven up on Tuesday because of tightening supply.
BHP and Rio Tinto Scrap Iron Ore Joint Venture
Iron ore prices held steady on Monday, with the benchmark index holding close to a five month high. In the near term, prices may gain extra momentum due to China’s nationwide power rationing policy.
Vale, Largest Iron Producer, on Edge from Brazilian Tax Cut Threat
The company’s current challenge within its domestic market will be to remain cost competitive if tariffs are eliminated and demand continues to climb, as the Brazilian currency has also demonstrated very strong relative appreciation.
Steel Body Concern Over Iron Ore New Pricing
Due to a new pricing scheme for iron ore, the steel industry may be facing higher costs and will lose competitiveness in the market as compared with other materials according to the head of the World Steel Organisation said on Monday. Paolo Rocca, chairman of the steel body, “We will have no alternative but to [...]
