Articles Tagged "Iron Market News"

Inland China Steel Mills Could Increase Iron Ore Demand

Iron – According to Mining.com, a report from Nick Pickens of Minerals Value Service stated that inland steel makers in China could have a capacity for up to 300 million tonnes of iron ore demand. Though that supply could also come from longer term agreements or captive mines, there is some possibility that those producers could look to seaborne supply as a competitive alternative, according to Pickens.

Rio Tinto Sees Strong Iron Ore Demand

Iron – The Australian reported that Rio Tinto (NYSE:RIO) says it is seeing high demand for its iron ore, in spite of falling prices. The mining giant forecast demand from China to continue, expecting crude steel production to clock in at 1 billion tonnes by 2030.