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India Globalization Capital Announces Two New Iron Ore Contracts Valued at $3 Million
India Globalization Capital, Inc., a company competing in the rapidly growing materials and infrastructure industry in India, today announced it was awarded two new Chinese iron ore supply contracts valued at $3.0 million. The orders total 60,000 metric tons of medium-grade iron ore, or 56-grade.
Review And Analysis : Gold Mining Industry Development and Mining Companies Growth In China
Over the last few weeks we’ve been paying more attention to China as it emerges from the East. There are three reasons why China poses such an interesting potential return of value for traders.
A very interesting read is an interview with Jim Rogers about his thoughts on China.
“While he says that China is the only [...]
Chevron To Build Biggest Natural Gas Project in Australia
Chevron Corp. on Monday committed to building Australia’s biggest natural resource project, a $37 billion facility that will pump natural gas from the ocean floor, cool it into a liquid and ship it to the hungry economies of East Asia.
Nickel Prices Increase 31 percent Gets Support From Stainless Steel Demand
Nickel rose by almost 31% this month. This rise was seen due to the increase in demand for stainless steel and strike at Vale’s Sudbury operations in Canada and the halt to construction work at Papua New Guinea’s nickel project being particularly notable.
Spot Iron Ore Sales To China At 9-Mth Low In Aug
Spot iron ore vessel bookings to China in August by the world’s two biggest exporters, Australia and Brazil, fell to a 9-month low, indicating strong demand from the world’s top steel maker may be slowing as steel prices slump.
Selling Price Of Iron Ore To China Reaches Price $ 110
Price of iron ore sales to China reached $ 110 price, price increase iron ore than twice the price of iron ore in April $ 58. Price increase iron ore import demand due to rising iron ore to China. The development of industry and construction sector in China is the cause of the increased demand [...]
Price Uncertainty Influence On Development Of Iron Ore In China’s Steel Industry
Until this news was reported, the company’s steel association has not been China’s determination to get discounted price of iron ore provided by the companies producing iron ore. Asosia company steelmaker China still retains a bid snippet above 33%, as has been agreed and the company Rio Tinto Japanese steelmaker, Nippon Steel.
Rusian Steel Maker MMK Reported Firs Quater Net Loss
Steel makers in Russia, the world’s fourth-largest steel producing nation, are suffering from sharply lower global steel prices and weak domestic demand from the construction industry, auto manufacturers and other durable goods producers.
Steel Companies Expect Iron Ore Prices Increase 50 pct
Iron ore prices have fallen 33 per cent, coking coal prices have gone down 60 per cent.
Steel companies can finally breathe easy. At least three companies — JSW Steel, Ispat Industries and Essar Steel — are likely to enter into long-term raw material purchasing contracts soon and the savings on input costs could be as [...]
