South Korea, Japan Invest in Australian Iron Ore Project
Reuters reported Marubeni Corp (TYO:8002), POSCO (NYSE:PKX) and STX Corp (SEO:01181) will buy 30 percent of an Australian iron ore project for A$3.5 billion.
Articles Tagged "south korea"
India Reconsiders Iron Ore Exports to Korea, Japan
Platts reported India is considering exporting iron ore to South Korea and Japan again.
Iron Ore Ship Disabled in Brazil
CNBC reported a South Korean-owned carrier chartered by Vale SA (SAO:VALE5) is disabled in a Brazilian port and loaded with iron ore.
India says Posco should not export iron ore from Orissa plant
Reuters Africa reports that India's environment minister said POSCO (SEO:005490), which wants to build a $12 billion steel plant in eastern India, should not export raw materials, including iron ore.
Baoshan Iron plans South Korea steel mill
Market Watch reports that Chinese steel maker Baoshan Iron & Steel Co. (SHA:600019 is looking to build a steel mill in South Korea.
Growing Pressure On Benchmark Price
By Kishori Krishnan Exclusive To Iron Investing News The China Iron and Steel Association, which regulates the iron and steel industry, has cracked the whip. Teaming up with the Ministry of Commerce, the duo have begun a joint investigation into the issue of illegal speculative purchasing. This could lead to the cancellation of iron ore [...]
Chinese Mills Turn On the Heat
By Kishori Krishnan Exclusive To Iron Investing News The heat is on. Australian miner Fortescue Metals Group (FMG.AX) said on Thursday that Chinese steel mills are unlikely to get a better deal for iron ore purchases than the 33 per cent reduction agreed by Japanese and South Korean rivals. Fortescue, Australia’s third-largest iron ore miner, [...]
