Why a slowdown in Chinas steel market impacts iron pricesThu, 18 Sep 2014 22:00:45 +0100
A slowdown in the biggest steel market has impacted iron ore and steel companies globally. We'll first look at how the slowdown in the Chinese steel industry has impacted the iron ore sector. Iron is a ...
NMDC To Increase Iron Ore Production By 10% In Fy15 - Business StandardThu, 18 Sep 2014 12:45:55 +0100
The state-owned NMDC Limited, the country's biggest iron ore producer, will increase its production by at least 10% to 32-33 million tonnes during the fiscal 2014
Seaborne iron ore market takes tumble on absence of buying interestThu, 18 Sep 2014 07:24:00 +0100
Physical prices of steel square billet in Tangshan moved up Yuan 40/mt from September 17, to finish at Yuan 2,450/mt ($398.50/mt) ex stock Tangshan, a Chinese steelmaker said. Some sources also said the volatility surrounding steel prices, with the ...
Iron ore miners battle for survival as 'perfect storm' hitsWed, 17 Sep 2014 21:51:31 +0100
This undated file handout photo made available on August 3, 2005 shows a worker inspecting iron ore stockpiles at the outback location of Marandoo
Cheaper iron ore to drive imports - Business StandardWed, 17 Sep 2014 20:25:45 +0100
The drop in iron ore prices in the past six months will hugely benefit the Indian steel industry in terms of import. Domestic steel mills are set to import 15 million tonnes of ore during 2014
Steel will stay No. 1 in autos: ArcelorMittal - American Metal MarketWed, 17 Sep 2014 20:25:40 +0100
"Most of the vehicles that we're driving today are made of steel, and we're optimistic and bullish that that will continue to be the case," Lou Schorsch, chief executive officer of ArcelorMittal Americas, said Sept. 16 at a press event at its joint ...
Great Lakes steel production shoots up by 24000 tons - nwitimes.comWed, 17 Sep 2014 18:06:48 +0100
Raw steel production in the country's Great Lakes region rebounded to 689,000 tons, while the overall domestic industry dripped slightly last week. Overall U.S. output fell by 0.1 percent in the week that ended Saturday, according to an American Iron ...
World's Biggest Iron Ore Mine Becomes Automated - SourceableWed, 17 Sep 2014 17:41:35 +0100
The system permits the automatic recovery and piling of iron ore via the usage of satellite signals and GPS systems to shift and position machinery, as well as makes use of 3D scanning for field screening. In addition to the automation of mine ...
Thermal Coal-european Physical Front-month Prices At Two-month LowWed, 17 Sep 2014 16:03:03 +0100
* Australian, South African prices edge lower LONDON, Sept 17 (Reuters) - Thermal coal prices weakened further on Wednesday, with European physical front-month prices at a two-month low as concerns about global oversupply weighed on the market. European coal cargoes for delivery in October to Amsterdam, Rotterdam and Antwerp (ARA) were trading at $72.75 a tonne by 1454 GMT on the GLOBALcoal ...
Iron ore drops again as Chinese steel prices retreatWed, 17 Sep 2014 15:43:00 +0100
A surge in Chinese spot steel prices over the weekend helped fuel iron ore's surge on Monday. But prices have since retreated, with billet in China's key Tangshan area dropping 20 yuan a tonne on Tuesday, fast removing the fragile industry confidence that ...
Minerals Technologies Subsidiary, Minteq International, Acquires ...Wed, 17 Sep 2014 12:52:02 +0100
NEW YORK, NY, September 17, 2014-Minerals Technologies Inc. (NYSE: MTX) announced today that Minteq UK Ltd., a wholly owned subsidiary, has signed an agreement with Tata Steel Europe for the Cost per Tundish ...
Indian steel companies now import iron ore - The HinduWed, 17 Sep 2014 11:48:22 +0100
Steel companies are now importing iron ore as domestic mining has taken a hit with policy amendments and the Supreme Court's cap on the quantity of extraction, H. Noor Ahmed, President of the Federation of Indian Mineral Industries (FIMI) has said.
Iron ore drops again as Chinese steel prices retreat - ReutersWed, 17 Sep 2014 06:19:23 +0100
TODAYonline - IO62-CNI=SI dropped 0.8 percent to $84.50 a tonne on Tuesday, a day after soaring almost 4 percent, the biggest rise since March, according to data compiled by Steel Index. A surge in Chinese spot steel prices over the weekend helped fuel iron ore's ...
WA rating hostage to iron ore - The West AustralianWed, 17 Sep 2014 04:43:01 +0100
The State Government's iron ore price projections over the forward estimates period diverge sharply from those of commercial analysts. Budget forecasts predict a $US120.10/t average in 2015
US senator to ask Congress to suspend coal salesWed, 17 Sep 2014 00:50:12 +0100
BILLINGS, Mont. (AP) A U.S. senator said Tuesday he will ask fellow lawmakers to halt coal sales on federal lands in the West after a senior Obama administration official declined to suspend the troubled government program.