· Iron ore logs weekly losses as China demand worries grow. By Enrico Dela Cruz Aug 20 (Reuters) Dalian iron ore eked out a small gain on Friday after a threeday losing streak, but marked its fifth consecutive weekly decline as market unease grew over demand prospects in top steel producer China. The mosttraded January 2022 iron ore on China ...
Australian iron ore producers were not happy that iron prices did not reflect Spot market pricing. In 2010 pressure from BHP Billiton and Rio Tinto to move to a quarterly based index pricing succeeded. Many Japanese steel mills and Chinese steel companies had to follow as demand for raw materials heated up.
Iron ore futures: possible paths for Australia's biggest trade with China. The iron ore market is wrongfooting forecasters again, as it has throughout the past 20 years. No one expected the iron ore price to surpass US200 a tonne as it did in May, and no one predicted it .
· Registration for AusIMM Iron Ore Conference. CISA: China steel mills' profitability under challenge. China's economic performance industrial output up to Sept. Top News. DAILY: China's iron ore prices dip, sales flat. Chinese prices of imported iron ore for both port inventories and seaborne cargoes dipped further on November 1, with the ...
Umetal's Chinese Steel Market Outlook, published Tuesday 10th December 2013, reviews market activity around China in 2013 and reflects our expectation for steel and raw material market in 2014. Umetal Senior Consultant Zhou Guocheng writes "Chinese crude steel production will increase by around 4% next year, while iron ore import will climb by ...
· Iron ore tumbled on expectations demand will wane as China deepens steel production cuts in its drive to clean up the industry. The material is under mounting pressure futures in Singapore have plunged 18% in two weeks as Beijing steps up measures to reduce pollution from one of its dirtiest industries. Shagang Group, the world's fourth largest steel mill, said this week that it's ...
· Graphic: China iron ore prices scale new highs on supply pinch, robust demand. Highgrade 65% iron ore currently costs per tonne more than 58% iron ore and more than 62% ore, according to data from SteelHome, but is still attractive for mills as their profit margins have risen this year. "Steel companies are chasing higher ...
· 80% of China's iron ore is imported from overseas, but it's not clear how much of that iron ore is produced at mines that China owns interests in. China's domestic supply suffers low grades compared to the major iron producing nations like Australia and Brazil, meaning the state has had to turn its attention overseas for iron.
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· China's moves to rein in its mammoth steel industry have roiled ferrous markets this year, with iron ore spiking in the first half as mills rushed to frontload their steel volumes ahead of more production restrictions being rolled out. Prices are also being buffeted by a downturn in the property sector and concerns that tumult at developer ...
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