Iran to Impose Iron Ore Export Duty
Iron – Reuters reported that Iran is planning to tax iron ore exports at a rate of 40 percent to take advantage of a jump in sales to China.
Articles Tagged "Iron Market News"
Iron Ore Shipping Rates Fall
Iron – Bloomberg reports that rates to ship iron ore fell for a ninth day on speculation Chinese steelmakers will cut back from record-high production as prices fall.
Karnataka Mines Won’t Be Operational for 2 Years
Iron – FirstPost.India reports that iron ore mining in Karnataka will take a minimum of two years to become fully operational after the Supreme Court verdict allowed resumption of mining at category-A & B mines in the state, an industry official has said.
Iron Ore in Bear Market
Iron – Iron ore has officially entered bear market territory says Motley Fool, quoting Bloomberg.
Tasmanian Iron Mine Clears Environmental Hurdle
Iron – ABC News reports that a proposal by Venture Minerals (ASX:VMS) to build an iron ore mine in Tasmania's Tarkine region has cleared an environmental hurdle.
Rio Expects China Iron Ore Demand to Rise This Year
Iron – Rio Tinto, (NYSE:RIO, ASX:RIO, LSE:RIO) a major producer of iron ore, said it expects Chinese demand for the steelmaking commodity to rise this year, Reuters reported.
US Iron Ore Production Falls
Iron – Iron ore production in the United States fell 7.1 percent between January and February and is down 8.7 percent year on year, reports the US Geological Survey. Shipments and exports were also down.
Iron Ore Market Avoids Supply Glut: Investec Securities
Iron – Bloomberg reported that the iron ore market will be able to prevent near-term supply surplus due to high demand from China, according to Investec Securities.
China Wants Iron Ore Importers to Participate in Domestic Trading Platform
Iron – Reuters reported that China will not grant new licenses to iron ore importers if they will not join in a domestic trading platform, as a way to control pricing.
Vale Iron Production Falls More Than Analyst Estimates on Permitting Delays
Iron – Bloomberg reported that Vale SA’s first quarter iron ore output dropped 3.5% to 67.5 million metric tons after permit shortages and operational limitations.
