The pricing of iron ore, between mining giants and China, is escalating into a high stakes game. Who stands to benefit? Canadian iron-mining companies, especially producers from Quebec and Labrador. Already, 2010 is looking good. The steel market is also set to expand by 9.2 per cent in 2010, on rising demand from the [...]
In a bid to ensure adequate supply to Corus’ European plants, India’s Tata Steel has signed an C$ 300 million agreement with New Millennium Capital Corp of Canada. Another $5 billion is to be invested in Vietnam. The world’s eighth-largest steel maker, India’s Tata Steel Ltd (TISC.BO), has said it expects its European unit [...]
Iron Investing News reports spot price for iron have been fluctuating and some companies are taking advantage of it. In the meantime, the trio – Rio Tinto, Brazil’s Vale and BHP have been taking advantage of spot prices in iron, which have been on the way down because of China’s growing steel glut, though still well [...]
Iron Investing News reports growing pressure on iron ore prices. Commodity prices, including iron ore, plunged in the second half of last year as the U.S., European and Japanese economies slid into recession. Car makers, consumer-goods manufacturers and builders have cut orders for steel, weighing on iron-ore demand. For complete story, click this link. Follow [...]
Iron Investing News reports iron-ore market see optimism with the rise in BDI. “Indications are that miners have been selling more iron ore on the spot market, less expensive to steel producers than tonnage at contracted prices” said investment bank Dahlman Rose. The iron ore price on the spot market has increased $4 to $63/tonne [...]
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