Articles Tagged "steel mills"

Demand Bouncing Back

By Kishori Krishnan Exclusive To Iron Investing News Global commodity demand appears to be bouncing back. Miners, who had been savagely affected by the recession as customers slammed the brakes on spending and relied on the backlogs in their warehouses, are also reporting a pick-up. Steadily rising prices for key commodities such as copper and [...]

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 [...]

Baltic dry index: Iron market revival

By Melissa Pistilli-Exclusive to Iron Investing News The Baltic Dry Index (BDI), what has been referred to as the “canary in the coal mine” for global trade health, rose 7.5 per cent on Friday. This latest development has injected a dose of optimism into the iron ore market.                                                                       “Indications are that miners have been [...]

Is Vale violating trade laws?

By Melissa Pistilli-Exclusive to Iron Investing News For nearly thirty years, the pricing mechanism for iron ore has involved annual price negotiations between the world’s three leading mining giants and major steel mills. This year’s negotiations led to 79.88 per cent to 96.5 per cent price hikes for Rio Tinto and BHP Billiton with a [...]

Vale looks to pump up iron prices

By Melissa Pistilli – Exclusive to Iron Investing News The world’s largest iron-ore producer and exporter Companhia Vale do Rio Doce is now in the initial phase of negotiations with its Asian clients to raise prices. Vale has stressed that there was no guarantee that negotiations would conclude on a successful note. The proposed increase [...]