The collapse of iron ore prices in the face of oversupply has been threatened for the last few years. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Following massive investments in Australia and Brazil, oversupply was expected to hit dwindling demand on the back of a cooling Chinese property market and […]
Tag: Iron Ore
Good and Bad News From the Indian Iron Ore Sector
For the first time in years, India’s iron ore production crossed the 200 million tons per annum (MTPA) milestone. For 2017-18, output touched 210 MT, mostly on increased production in the provinces of Odisha and Karnataka, which was 9% higher than the 192 MT produced in 2016-17. This was also the first time crossing that […]
This Morning in Metals: Energy Companies Seek Steel Tariff Exemptions
This morning in metals news, energy companies are lobbying for exemptions from the U.S. steel tariff, U.S. steel exports dropped in April compared with the previous month, and steel and iron ore prices fell by the greatest amount since March. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Asking for Exemptions […]
This Morning in Metals: China Iron Ore Futures Rise
This morning in metals news, China iron ore futures were up Monday, the chief executive of Japan’s LIXIL Group expressed concern about aluminum price volatility, and a new study measures the economic effect of a potential U.S. withdrawal from the North American Free Trade Agreement (NAFTA). Need buying strategies for steel? Try two free months […]
This Morning in Metals: Saudi Arabia Seeks $100/Barrel Oil Price, Chinese Iron Ore Rebounds from 10-Month Low
This morning in metal news, Chinese iron ore futures rebound from a 10-month low, Saudi Arabia emerges as OPEC’s leading supporter for further reducing oil supply, and researchers discover a major supply of rare earth minerals in the seabed near a remote Japanese island. Need buying strategies for steel? Try two free months of MetalMiner’s […]
This Morning in Metals: Rusal Metal Pulled from LME, CME
This morning in metals news, Russian aluminum giant Rusal saw its shares pulled from global indexes and its metal disallowed from the London Metal Exchange and CME Group, one analyst says Russian aluminum will find its way to market in some way and the Chinese iron ore price dropped Wednesday. Need buying strategies for steel? […]
High China Iron Ore Port Stocks Not the Whole Story
Not surprisingly, any discussion of iron ore prices in top consumer China inevitably involves some reference to import stock inventory. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook So when Reuters reports that the Dalian commodity exchange May iron ore contract price touched a low of 475.50 yuan per ton this […]
Protests Arise as Indian Supreme Court Cancels Iron Ore Mining Permits in Goa
It seems all too familiar — one step ahead, two steps back. The cancelation by India’s top court, the Supreme Court, of all iron ore mining permits in Goa, one of the country’s top producing provinces for this raw material, has led to concerns being raised in industry and and economic circles of the country […]
This Morning in Metals: China’s Extension of Production Cuts Boosts Steel, Iron Ore Futures
This morning in metals news, the extension of pollution-curbing efforts in China is offering a boost to iron ore and steel futures, an Australian steel company is nervous about the possibility of Section 232-related steel tariffs from the U.S., and Mexico fined a steel company for stock manipulation. Need buying strategies for steel? Try two […]
Chinese Steel Prices Ease as Demand Softens in Winter Season
Normally when supply is constrained prices will rise, but China’s steel market is presently at the mercy of several dynamics. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook On the one hand, Beijing is constraining polluting industries like steel and coke production. Those same policy decisions, however, are hitting industries that […]