A Coming Catalyst for Dry Bulk Stocks
The Street reported a recent decline in Chinese steel stockpiles could be a boon for beaten-down dry-bulk stocks.
Articles Tagged "steelmaking"
Iron-Ore Collapse Seen Ending Most Profitable Shipping in a Year: Freight
Bloomberg reported steelmaker demand for iron ore is weakening, threatening to end the most profitable shipping rates in almost a year.
Strong Signs Spur Iron Talks
By Kishori Krishnan Exclusive To Iron Investing News Rio Tinto has completed the sale of its Corumba iron ore mine in Brazil to mining giant Vale SA for a cash consideration of $750 million. The Corumba sale, which was agreed in January, includes a potash project in Argentina and exploration assets in Canada. The Corumba [...]
Iron Market: Heading For A Glut?
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
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 [...]
