The Indian Steel Price Index exhibited nominal correction on February 19th 2009. The Indian Long Product Price Index (ILPPI) improved by 17 points whereas the Indian Flat Product Price Index (IFPPI) remained unchanged. For full story, click here
Continue reading "Indian Steel Price Index exhibited nominal correction"
Thursday, February 12, 2009
By Kishori Krishnan Exclusive to Iron Investing News The second week of February brings some cheer for the iron ore sector. There are very initial signs that contrary to analysts’ expectations at the start of the year of a drop of about 40 per cent in iron ore prices this year, improving sentiments may not see [...]
Continue reading "Improving sentiments help iron prices"
Wednesday, February 11, 2009
Steel units in Orissa’s Kalinganagar Industrial Complex on Wednesday accused Orissa government of arbitrarily fixing iron ore prices and demanded the price should be lowered during economic slowdown. For full story, click here
Continue reading "Kalinganagar steel units seek cut in iron-ore price"
Wednesday, February 11, 2009
Malaysian Iron and Steel Industry Federation (MISIF) president Chow Chong Long said scrap iron prices could firm up in tandem with iron ore prices and steel prices. For full story, click here
Continue reading "Scrap iron and steel products expected to cost more"
Friday, February 6, 2009
The current spot price for iron ore with 63.5 percent of iron, ranged between $68-$72 per tonne FOB, the same as last week, but up by $4-$5 from a month ago, an official at the Federation of Indian Mineral Industries (FIMI) said. For full story, click here
Continue reading "Spot price ranged between $68-$72 per tonne FOB"
Friday, February 6, 2009
India’s iron ore prices were steady from a week ago as Chinese buying persisted after a revival in December, exporters and a trade body official said . For full story, click here
Continue reading "India’s iron ore price steady as Chinese buying stays"
Friday, January 30, 2009
Dow Jones reported that Sesa Goa Ltd has expects iron ore prices to stabilize on improved demand from China after falling to rock bottom levels last year. Mr PK Mukherjee MD of Sesa Goa said: Spot market iron ore prices over the last couple of months have gone up by USD 10 per tonne to [...]
Continue reading "Sesa Goa expects iron ore spot prices to stabilize"
Thursday, January 29, 2009
Iron ore prices are set to fall in 2009 after six years of price hikes as deteriorating demand triggers severe production cuts in the steel industry, Macquarie analyst Christina Lee said in a research note: After six consecutive yearly rises totalling almost 400 percent, iron ore prices are certain to fall due to major collapse [...]
Tuesday, January 27, 2009
Nippon Steel Corp and other Japanese steelmakers will press for cuts of 40 percent in iron ore prices and 60-70 percent in coal prices for the next business year due to falling costs of natural resources and weakening steel demand,. For full story, click here
Continue reading "Japan steelmakers seek iron price cuts"
Wednesday, December 17, 2008
Prices of iron ore lumps would go down by Rs 1,000-2,000 per tonne depending on quality. Prices of ore fines would fall by about Rs 500 per tonne. For full story, click here
Continue reading "Iron ore prices slashed"
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Thursday, February 19, 2009