Nippon Yusen K.K, the world’s second- leading ship operator, predicted profit at its capesize division for shipping iron ore will be higher than originally forecast this fiscal year on demand for the steel ingredient from China. For full story, click here
Japan’s Nippon Steel and have agreed with BHP Billiton to cut fine iron ore prices by 33 percent, matching a benchmark deal reached with Rio Tinto. For full story, click here
Mount Gibson Iron Ltd. declared that it has set its contract iron ore prices in line with the price cuts agreed between Rio Tinto Ltd. and Nippon Steel Corp. this week. For full story, click here
Nippon SteelCorp the world’s second-largest maker of the metal, is asking mining companies to cancel some deliveries of iron ore and coking coal as it reduces production, two people familiar with the requests said. For full story, click here
Friday, July 3, 2009