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Wuhan Steel Group Seeks More Iron Ore Assets Overseas
Wuhan Iron & Steel Group, China’s third-biggest steelmaker, is seeking to invest in more overseas iron ore assets to cut reliance on expensive imports, General Manager Deng Qilin said.
“We aim to be self-sufficient in iron ore supplies in three to five years and reduce purchases,” Deng, who’s also chairman of the China Iron & Steel [...]
Iron-Ore Price Increase 2010 Estimated To Reach 50 Percent
CRU Strategies Consultants predict Phil Newman iron ore prices in 2010 reached 50% compared with 2009. At the session Prospectors and Developers Association of Canada convention in Toronto, an estimated iron-ore prices rose between 50% and 75% higher.
Cash Prices of Iron Ore Delivered to China Rises
The cash price of iron ore delivered to China, the world’s biggest buyer, rose to the highest in more than a year on demand from the nation’s steelmakers.
The cost of 62 percent iron-content ore delivered to the port of Tianjin increased 1.4 percent to $133.10 a metric tonne on Mar 1, the highest in at [...]
Nomura Holdings Inc Research : Iron Ore Contract Prices and Coking Coal has doubled in 2010
Nomura Holdings Inc. reported the results of research on changes in iron ore contract prices in 2010. Nomura Holdings estimated contract iron ore prices in 2010 will increase by 70%. While banking institutions estimate the iron ore price will rise 40% – 50%.
Iron Ore Price in China Market Uncertainty
Iron ore price in China market faces an uncertain condition, because the results of negotiations China Iron and Steel Association with iron ore mining company did not give the results of determination of iron ore prices for 2010. China is the biggest consumer of iron ore, as China has a steel plant enough.
Arcelormittal Kumba Iron Ore Deal Jettisoned by Anglo American
Anglo American, a diversified mining group, yesterday cancelled an iron-ore supply agreement reached in 2001 on a cost plus 3 per cent basis between its subsidiary Sishen Iron Ore Company (SIOC) and the world’s largest steel maker ArcelorMittal.
Chinese Return to Market, Iron Ore Spot Prices Up 5 percent
Spot iron ore traded 5 percent higher when Chinese players returned to the market after week-long holidays, market sources said on Tuesday.
Traders reported one Capesize cargo of 62 percent Pilbara iron ore changed hands on Monday at $136 a tonne on a Cost Insurance Freight China basis, while a 50,000-tonne cargo of Indian material grading [...]
Mining Trade and Market Rumor: Iron Ore Supplier Trying Pressure China Steelmaker
Global iron ore suppliers are trying to impose pressure on Chinese steelmakers and the China Iron & Steel Association (CISA) by spoofing, namely, spreading rumors.
Lately, there were foreign media reports saying that five major Chinese metallurgical companies had reached a temporary iron ore supply price with Vale, and BHP Billiton, rising 35% from USD 62 [...]
China Steel Company Leadership to Prepare Talks Contract Iron Ore Prices
China steel company leadership prepared to have a meeting with the mining company’s largest iron ore supplier to determine the contract price of iron ore in 2010. Discussion planned in April 2010. However, from both sides – producers of iron ore and steel companies – have delivered their desire for change in contract iron ore [...]
