Articles Tagged "Iron Market News"

Rio, BHP, Vale Could be “doing a China”

Iron – It's no surprise that producers such as Rio Tinto (NYSE:RIO) BHP Billiton (NYSE:BHP) and Vale (NYSE:VALE) seem to be deliberately continuing to expand their iron production in order to push down prices and drive smaller companies out of the iron market. Lawrence Williams of Mineweb likened the strategy to moves made by China in recent years, which have allowed the country to dominate the production of certain metals and resources.

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.