Iron Ore

Will Falling Demand Mean Falling Profits for Indian Steel Companies?

by Lisa Reisman on January 23, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, Supply & Demand

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TC Malhotra contributes to MetalMiner from New Delhi. Indian steel companies, already in the red this year, are likely to suffer a sharp fall in profit in the third quarter of the fiscal year because of high production costs and falling demand. A Business Line report notes that major steelmakers such as JSW Steel, Tata [...]

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Global Iron Ore Prices Likely To Be Supported By Weather Disruption – Again

by Stuart Burns on January 16, 2012

Style:    Category: Commodities, Ferrous Metals, Global Trade, Supply & Demand

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2011 was a year plagued by bad weather — particularly in Asia and Australia — that impacted metals prices, and 2012 is starting off on the same foot. A series of Reuters reports details problems first in Australia, where tropical cyclone Heidi lashed the west Australian coast last Thursday with winds up to 75 mph, [...]

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Best Of MetalMiner 2011 – Steel and Scrap

by Taras Berezowsky on December 26, 2011

Style:    Category: Best of MetalMiner, Ferrous Metals, Humor

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Source: The Daily Green Well, folks, the holidays are nigh. And that can only mean one thing. No, it doesn’t mean you should go hit the spiked nog just yet. It means you should keep checking in with our site for the next week and a half, because the Best Of MetalMiner series is back. [...]

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The Iron Ore Price and What It Tells Us About China – Part One

by Stuart Burns on December 12, 2011

Style:    Category: Commodities, Ferrous Metals, Macroeconomics, Supply & Demand

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A recent article by the Financial Times suggested iron ore is taking over as the bellwether of industrial activity, a role that copper has traditionally served, and epitomized by the well-used phrase Dr. Copper. The case for iron ore is that with no futures market, it responds less to the speculative influences that can drive [...]

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India’s NMDC, Russia’s Severstal Sign Pact for Joint Steel Venture

by Lisa Reisman on November 30, 2011

Style:    Category: Commodities, Ferrous Metals, Public Policy, Supply & Demand

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TC Malhotra contributes to MetalMiner from New Delhi. India’s state-owned miner NMDC Ltd. and Russian steel and mining giant Severstal have signed the implementation protocol in Moscow for setting up a joint venture steel plant in the southern Indian state of Karnataka, according to a recent article in the Hindu Business Line. The implementation protocol [...]

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China’s 12th Five-Year Plan and What It Means for the Steel Industry – Part Two

by Stuart Burns on November 22, 2011

Style:    Category: Commodities, Ferrous Metals, Global Trade, M&A Activity

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Continued from Part One. So how does Beijing expect to achieve this consolidation, on which so much of the wider strategy depends? One tactic is apparently to guide provinces to close the following: blast furnaces of less than 400 cubic meters, converters and electric arc furnaces of less than 30 tons, HR strip mills of [...]

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What China’s 12th Five-Year Plan Means for the Steel Industry – Part One

by Stuart Burns on November 21, 2011

Style:    Category: Commodities, Ferrous Metals, Global Trade, M&A Activity

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China’s 12th Five-Year Plan, covering the period from 2011 to 2015, emphasizes a number of environmental issues to a degree not seen in previous plans. A KPMG report highlights three of the goals that will have a specific impact on the metals industry: 16% reduction of energy use per unit of GDP 17% reduction of [...]

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Mining Job Offer: $200,000 a Year to Dig For Gold (Where Do I Sign Up?)

by Taras Berezowsky on November 18, 2011

Style:    Category: Commodities, Humor, Precious Metals

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Smiling all the way to the bank, mate. Source: WSJ 2009 Chevy Ute with souped-up engine: $71,000 Custom-designed motorcycle: $44,000 Chihuahua named Dexter: $1,200 Drilling to extract gold, copper, nickel and tin for $200,000 per year: Priceless That’s the life of one James Dinnison, an Australian high-school dropout now living the high life due to [...]

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