Steel Demand Boosts Iron Prices, Caution Remains
The price of iron ore has made a 26 percent gain over since hitting a low in late October. However many are cautious that the gains will be short lived because of the soft demand for steel.
Articles Tagged "price"
Iron ore prices slip from 5-month highs
Mineweb.com reports that after seeing 5-year highs last week, Iron Ore prices have fallen. This can be attributed to Chinese buying pulling back. The story is quoted as saying: “There are fewer purchases because prices have moved up too fast in just a few days, so buyers are taking a break,” said an iron ore [...]
Iron Ore Price Hit Rock Bottom In China
On Thursday, iron ore prices hit rock bottom due to slow purchases by traders after Beijing, China has resolved to heal the Chinese economy, which means decrease in demand for iron (Fe) in producing steel. London Commodity Brokers is quoted in a report: “There is no sign of a pick-up in the physical market.” Click [...]
WISCO acquires Consolidated Thompson shares
Minerals Corporation Limited of Wuhan Iron and Steel (Group) (WISCO) has acquired 65 million common shares of Consolidated Thompson Iron Mines Limited (TSX: CLM). The shares were acquired by way of private placement for an aggregate subscription price of C$ 28,748,227.20 or C$ 4.40 per share. The shares were acquired for investment purposes only. For [...]
India’s Iron Ore Price Flat, China buying steady
India’s iron ore prices remained flat last week with China demanding a low but steady flow of mostly low grade ores, even as its steel prices hit a five-month low. For full story, click here
Chinese mills suggested quartely iron ore pricing
As per Mr Yang Siming, board chairman of Nanjing Iron and Steel Group, iron ore benchmark price in this year can be settled every quarter on the basis of steel market performance and forecasts. For full story, click here
Rio Tinto reported that Chinalco deal won’t affect iron ore talks
Mining giant Rio Tinto Ltd/Plc announced that its proposed deal with Chinese state-owned Chinalco would not influence iron ore contract price negotiations for the year ahead. For full story, click here
Rio Tinto Deal with Chinalco in Australian Hands
By Kishori Krishnan Exclusive to Iron Investing News Rio Tinto Ltd. (LON:RIO) gave a gloomy assessment of global commodity markets Tuesday, saying there is unlikely to be much of a rebound this year and warning the downturn will continue to hit its profits. The downbeat outlook reinforces the company’s message that it needs to proceed [...]
Uptick From China Bolsters Hope for Iron
By Kishori Krishnan Exclusive To Iron Investing News Ahead of contract talks, iron-ore miners are seeking a price rise. On the horizon is a firmer demand in China, which has ensured that despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5 per [...]
Baffinland Reports 196 Metres of 66.5% Iron
Baffinland Iron Mines Corp (TSX:BIM) reported today on drill results from the 2008 drilling program. A total of 26 holes were reported on including cumulative 2,680 metres of 66% iron. Hole MR1-08-154 intersected a true width of more than 196 meters grading 66.5% iron. Baffinland has reported in the past that much of this is [...]
