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 [...]
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
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
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
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
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
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
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
AK Steel has forecasted iron ore prices to decrease in 2009 contract year by 50 %. For full story, click here
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 [...]
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