Iron – Bloomberg reported that although iron prices have been falling on weak economic growth from China, a report from Macquarie Group Ltd. (ASX:MQG) suggests the metal could be slated for a price rise.
Articles Tagged "Iron Market News"
Iron – Reuters Africa reported that South African iron ore producers Assore and Kumba have seen their stocks come back with roughly 3.5 percent gains on spiking iron futures.
Iron – Bloomberg reported today that Australia's Port Hedland reported record iron ore shipments to China last month on the back of signs of increased steel production in the Asian nation.
Iron – Mining Weekly reported on Friday that according to Wood Mackenzie, China's efforts to make its steel industry more environmentally friendly are not likely to have a short-term impact on iron ore demand.
Iron – Business Standard reported that India's iron ore imports have dropped to a five-year low so far in 2013-2014.
Iron – Mineweb reported that Nazario Moreno Gonzalez, leader of the Knights Templar cartel, which has been in the news lately for illegally exporting iron ore, was killed on March 9. He had previously been reported dead in December 2010.
Iron – Reuters reported that Citigroup Inc. (NYSE:C) believes increased supply is set to keep iron ore prices low. However, the firm admitted that yesterday's price drop — iron ore's biggest one-day fall in four years — was a surprise.
Iron – Mineweb reported that on Monday, the Mexican government began a "major crackdown" on the Knights Templar drug cartel's illegal iron ore smuggling activity. Mining is reportedly one of the group's main sources of income.
Iron – Reuters reported that iron ore exports to China from Australia's Port Hedland rose to 21.34 million tonnes in February, up 36 percent from the year-ago period. In the previous month, they came to a total of 23.31 million tonnes.
Iron – Mining Weekly reported that falling steel prices in China have brought iron ore prices down to their lowest level since July. Overall, spot iron ore has sunk almost 11 percent in 2014.