Indian spot iron ore FOB prices aiming for 40% dip
The dip in Indian iron ore prices has been steady in the last 6 weeks due to lack of demand from the Chinese steel manufacturers. For full story, click here
Articles Tagged "prices"
Iron Ore Prices To Linger Low
By Kishori Krishnan Exclusive to Iron Investing News The talks haven’t borne fruit, as yet. Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day. Shan Shanghua, secretary-general [...]
Iron ore to dip further amidst falling global steel demand
Iron ore, the prime raw material for making steel may have to see a further dip in prices. While the steel demand has declined heavily, iron ore prices, which more than doubled last year, remain vulnerable to a decline. For full story, click here
Distinterested China subdues India’s iron prices
India’s iron ore prices dipped further this week as enquiries from key buyer China stayed thin, though at least one deal was done at a higher rate. R.K. Sharma, secretary general of the Federation of Indian Mineral Industries, said: There is hardly any buyer. There are hardly any enquiries. For full story, click here
India iron ore prices decline
India’s iron ore prices declined on thursday from a week earlier as Chinese buyers stayed on the sidelines in hopes of lower prices, but this did not signal that demand was waning. For more information, click here
The prices seems to have bottomed out
The prices seems to have bottomed out as there has not been any major dip in the last couple of days except for minor fluctuations due to transient local sentiments. For full story, click here
New contracts being negotiated at lower prices
New contracts being negotiated at lower prices are welcome at a time when weaker demand for steel from key user sectors has resulted in the government-owned firm’s volumes falling by about 20 per cent in the December 2008 quarter. For full story, click here
The outlook for prices may improve
The outlook for base metal prices may improve in the final quarter of this year because governments’ stimulus measures will have had some time to take effect. For full story, click here
Scrap and pig iron prices slide further
Current scrap price in East Coast hit USD 230 per tonnes to USD 240 per tonnes, shredded scrap price at USD 220 per tonnes to USD 230 per tonnes, while H1 scrap price reached USD 195 per tonnes to USD 205 per tonnes. For full story, click here
India’s iron ore price steady as Chinese buying stays
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
