Iron – Bloomberg reported that iron ore inventories at Chinese ports rose to 100.25 million metric tons (MT) last week. That's the first time since July 2012 that they have exceeded 100 million MT.
Articles Tagged "Iron Market News"
Iron – The Times of India reported that today, the Indian government plans to e-auction 5 million tonnes of iron ore. Eleven mining companies have said they will participate in the sale.
Iron – Reuters reported that spot iron ore fell almost 9 percent in January and has now retreated to its lowest level since July. The declines came on the back of low steel prices in China.
Iron – Reuters reported that spot iron is sitting near its lowest level since July as a result of weaker steel prices in China and low trading activity as the Lunar New Year approaches.
Iron – Reuters reported that China's National Development and Reform Commission (NDRC) believes that if the country invests more in overseas iron-mining projects, it will be able to "improve the balance between iron ore and steel prices."
Iron – MINING.com reported that Jose Mujica, the president of Uruguay, said the massive open-pit iron ore mine proposed by London-based Zamin Ferrous, through its subsidiary Minera Aratirí, will go ahead, despite increasing local opposition.
Iron – Vale's CEO says the current drop in iron ore in China is "transitory" because the country's economic fundamentals are solid, Bloomberg reported.
Iron – MINING.com reported that the price of iron ore slumped to a 5-month low Friday, despite data showing Chinese imports of the steelmaking raw material hit a new record in 2013.
Iron – NineMSN writes that a new report by East and Partners shows that Australia's iron ore exports continue to soar despite concerns that the mining boom may be coming to an end.
Iron – Duluth News Tribune reports that environmental groups in Minnesota are questioning whether the state can approve an expansion to U.S. Steel’s Minntac taconite mine while the facility has outstanding permit violations.