Iron ore is sinking back toward $50 a metric ton as expanding low-cost supply and sputtering demand in China spur concern a global glut will persist into 2016, with Goldman Sachs Group Inc. forecasting significant losses. “We think it’s going down significantly,” Katie Hudson, managing director and senior investment manager at Goldman Sachs Ass...

China's stock market crash and currency devaluation have not dampened the optimism of mining giant Vale's chief executive, who said he is most upbeat on the iron ore market in two years. Vale CEO Murilo Ferreira told newspaper Valor Economico that China's stock markets have little relation to its real economy and a new foreign exchange policy has b...

Mr. Patrick Buffet, Chairman and Chief Executive Officer (CEO) of ERAMET, France who visited Japan had a press interview at Hotel Okura located in Minato-Ward, Tokyo on July 2, and announced the Company's activity in 2014 and the outlook for its future transaction as follows. As to the Group's business results in 2014, albeit the sales amount...

According to a new report issued by the China Iron and Steel Association, in the first quarter of the current year China produced 177 million MT of pig iron, down 2.3% while it imported 227.06 million MT of iron ore up 2.4% both year on year. As the end of April, inventories of imported iron ore at ports in China amounted to 95.07 million MT dow...

Enthused by the government’s new growth initiatives, Mr CS Verma chairman of Steel Authority of India Limited (SAIL) expects no less than 8% to 9% growth in steel demand in the current fiscal, from an anaemic 3.1% last fiscal. In an exclusive interview with Mr Surya Sarathi Ray of FE, Verma, who is also chairman of the Indian Steel Associa...

Mr Chandra Shekhar Verma Chairman SAIL talks about steering the company in the current tough times, when local as well as global demand is depressed. He shares his action plan for the next 10 years and talks about his five years at the helm. Q - SAIL has been battling stagnant domestic demand in recent years. How does the year ahead look? A -...

In an exclusive interview to Saket Kumar Jha Senior Analyst Steel Guru Dr Anil Dhawan, Commercial Director of Visa Steel, touched upon the vital issues of the growth in steel sector catering to the demand from projected economic growth in India. Q - World Economic Report update released by the International Monetary Fund outlined that India is e...

BHP Billiton Ltd. (BHP), the world’s biggest mining company, signaled there will be no slowdown in the drive by global iron-ore producers to boost production even as prices slump. “Even the iron-ore price where it is today can induce more volume,” Jimmy Wilson, BHP’s president of iron ore, said in an interview broadcast yesterday by Austra...

Global miner Rio Tinto, which gets 92% of its revenue from iron ore, is unfazed by the drop in ore prices and sticking to plans to raise output. Mr Sam Walsh CEO of Rio Tinto said that the Anglo Australian miner, which rebuffed an approach from commodities trader Glencore Plc in August, is also confident of increasing returns to shareholders at ...

Brazilian mining giant Vale has admitted it is nervous about the plunge in iron ore prices below USD 80 per tonne as the Chinese government dampens hopes of aggressive policy stimulus to fuel growth. Mr Stephen Potter Vale's director of strategic planning said that “It is always a challenge for large mining companies to work out their exposure t...