Chinese steel-makers are unlikely to dip their current long-term contracts with Australian iron ore producers and move to the spot market instead. For full story, click here
Baoshan Iron & Steel Co. declared that it plans to sell $731.7 million worth of three-year notes on the interbank market Tuesday. For full story, click here
India may lose its competitiveness in the Chinese market if the government levies the market-linked royalty and export duty proposed on iron ore, announced R K Sharma, secretary general, Federation of Indian Mineral Industries. For full story, click here
Platts declared that Rio Tinto has continued to sell substantial volumes of iron ore on the spot market and that its bottom line could be hit by ongoing price negotiations with its Chinese customers. For full story, click here
Platts declared that strong spot market iron ore and related freight activity has helped push Capesize iron ore freight rates on key routes to three-month highs as ship availability remains tight amid the steady offtake of vessels. For full story, click here
It is declared that domestic casting pig iron and ductile cast iron markets tend better but perform differently in different areas. For full story, click here
Global iron ore trade, which is dominated by companies like BHP and Rio Tinto and Vale of Brazil, is poised to see radical new price trends in 2009, thanks to output cuts and volatile market conditions in the last few months. For full story, click here
Russia reported that it is continuing to trade in the international market on research and development investment from the Soviet-era and faces stooping to the level of iron supplier if gaps in high-technology capabilities are not filled. For full story, click here
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
The European pig iron market seemed to be facing a new springtime, as some buyers have returned to the market. For full story, click here
Monday, July 13, 2009