Slow Steel Demand in China Weighs on Iron Ore
Reuters reported sluggish steel demand in China is pushing the price of iron ore to lower prices since December.
Articles Tagged "iron products"
Essar Using Low-Grade Iron for Steel
IBTimes reported India's Essar (BOM:533149) has announced it is using a low-grade iron ore for its steel making production.
AK Steel Acquires Iron Ore and Metallurgical Coal Interests
AK Steel (NYSE:AKS) announced it has formed a joint venture with an existing company that will produce iron ore concentrate.
New Pig Iron Demonstration Plant Now Running in Brazil
Mining Weekly reported Vale (NYSE:VALE,SAO:VALE5) it has started a demonstration plant to test and further develop technology which can produce pig iron.
Magnitogorsk Iron & Steel Forms MMK-Mining Unit in Luxembourg
Bloomberg reported OAO Magnitogorsk Iron & Steel (RTC:MAGN) formed a mining unit in Luxembourg, called MMK-Mining Assets Management SA.
China’s Higher-Than-Official Steel Output Supports Iron Ore
Platts reported China's steel output at higher than officially reported figures is supporting high seaborne iron ore prices, not overbuying by traders.
Iron Ore: China Steel Futures Rise for 2nd Day, Ore Firm
Reuters Africa reports Shanghai rebar futures rose again with expected demand to continue from construction in China.
Iron Ore-Shanghai Rebar Hits 1-Month Low on U.S. Downgrade
Reuters Africa reports Shanghai rebar futures fell over 1 percent to a more than one-month low in reaction to Standard and Poors downgrading of the US.
Iron Ore-Shanghai Rebar Hits 1-wk Low on Rail Investment Worries
Reuters Africa reports Shanghai rebar futures hit one-week lows on Tuesday as a deadly train accident over the weekend fanned investors' concerns.
Metinvest to Raise Steel Output 61% After MMK Ilyich Asset Deal
Bloomberg reports that Metinvest is planning to increase steel production through the next year after completing a deal with MMK Ilyich.
