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China Import Demand For Iron Ore And Coal Affect Australian Iron Ore And Coal Export
China’s preliminary November trade data are painting a supportive picture for Australian iron ore and coal exports. Iron ore import flows are back to the long-term growth trend, while China’s coal exports were down 30% month on month and are down 47% year on year, with export tonnage being diverted into China’s strengthening domestic market.
India Iron Ore Production To Increase And Improve Port
The growth of steel industry in China, causing iron ore import demand of China continues to increase. The high iron ore demand in China’s industrial sector to create companies in China, especially the steel company, negotiated the purchase price of iron ore with some of the largest companies. Negotiate the purchase price of iron ore [...]
Iron Ore Price Contracts Trends in 2009
Global iron ore trade, which is dominated by companies like BHP and Rio Tinto and Vale of Brazil, is poised to see radical new price trends in 2009, thanks to production cuts and volatile market conditions in the last few months.
India’s Iron Ore Mine Exports Increase To 13.9 million tones in January 2009
Rupee depreciation seems to have offset the impact of 5% export duty on Indian iron ore, thus acting as a boon for Chinese steel companies which are trying to slowly roll back production cuts announced in October 2008.
Iron Ore Mining Contract Lower Prices, Iron Ore Prices Drop in Spot Prices
Ahead of the annual round of talks for iron-ore contracts in April, the industry buzz is that mining companies would have to lower prices significantly, given the 40-50% drop in spot prices over the last few months.
China Iron Ore Mine Import Reported Rise 6.2% on Nopember
China’s iron ore imports rose 6.2% on month in November to 32.52 million metric tons, but analysts say that is merely a blip in contractual deliveries and some stockpiling at mills.
Exploration And Produce Of Iron Ore Mine In District Laulana Starts November
Mozambique’s major iron ore mining project in the northern district of Lalaua expected to produce 20 tonnes a day will begin operations in November, reported the daily Noticias on Thursday citing Rui Pinto, a manager of the Indian consortium Damodor Ferro, which is operating the mine.
Pinto was quoted by the paper as saying that the [...]
Coal Price In World Market and Trade Higher
As consumers struggle to get used to $4-a-gallon gasoline, there’s another source of energy that is becoming more expensive: coal.
The price of a ton of Central Appalachian coal on the futures market was $42.65 a year ago and has risen to around $96, according to figures from the U.S. Energy Information Administration. That increase comes [...]
India’s steel industry steps onto world stage
Tata Group’s new status as the world’s fifth-largest steel firm signals a milestone for the Indian economy.
There was much jubilation in India when the Tata Group, an Indian conglomerate, won a bid late last month for the Corus Group, an Anglo-Dutch steel firm. The deal catapulted the new global entity to become the world’s fifth-largest [...]
