The pricing of iron ore, between mining giants and China, is escalating into a high stakes game. Who stands to benefit? Canadian iron-mining companies, especially producers from Quebec and Labrador. Already, 2010 is looking good. The steel market is also set to expand by 9.2 per cent in 2010, on rising demand from the [...]
Iron Investing News reports spot price for iron have been fluctuating and some companies are taking advantage of it. In the meantime, the trio – Rio Tinto, Brazil’s Vale and BHP have been taking advantage of spot prices in iron, which have been on the way down because of China’s growing steel glut, though still well [...]
Iron Investing News reports iron prices have dropped due to the recession. Many mine workers left the area while the mine was closed. Local businesses took a big hit. “We had five hard weeks. It was very slow, extremely slow, but this afternoon there seems to be more people around than what we have seen [...]
Iron Investing News reports growing pressure on iron ore prices. Commodity prices, including iron ore, plunged in the second half of last year as the U.S., European and Japanese economies slid into recession. Car makers, consumer-goods manufacturers and builders have cut orders for steel, weighing on iron-ore demand. For complete story, click this link. Follow [...]
Iron Investing News reports iron market moving towards a gloomy start. “We need to recognise the fundamentals of the market. The market would show that it does need a downward adjustment this year,” said Sam Walsh, head of Rio’s iron ore division. But given the potential for a recovery in industrial demand at some stage [...]
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