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China Iron And Steel Association Opposes Iron-Ore Producers Increase Iron Ore Price in 2010
The China Iron and Steel Association (CISA) strongly opposes the attempt by foreign miners to increase benchmark iron ore prices by 80-90 percent in 2010, it said in a statement on Tuesday.
“On the afternoon of March 11, Eurofer (the European steel industry association) made a statement on its website strongly opposing the intention of iron [...]
Australian Asked China Not Influence Annual Contract Negotiations Iron Ore Prices
The Australian Government through the Minister for Trade Simon Crean urged the government of China is not involved in the process of negotiating a contract setting the annual iron ore price is being done by the iron ore producers and steel makers.
Simon Crean says, “We’re not going to get involved. I have made a point [...]
BHP Billiton and JFE Steel Agreement Affect Coking Coal and Iron Ore Prices increases 55 percent
BHP Billiton and JFE Steel have agreed on an annual coking coal prices and iron ore prices, thus affecting coking coal prices reach 55%. Agreements have been made by BHP Billiton and JFE Steel are valid for fifteen months, starting in April and June. Agreements made by the largest mining producers and the largest steel [...]
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.
Australian Iron Ore Sales Expected to Increase 21 Percent
Australia, the world’s largest iron ore exporter, is forecast to boost sales 21 percent next fiscal year as prices gain.
Exports may be A$35 billion ($31 billion) in the 12 months ending June 30, 2011, from A$29 billion this year, the Canberra- based Australian Bureau of Agricultural and Resource Economics said today in a report. Total [...]
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.
