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Vale: Iron ore price will be at US$110/tonne over the next two years Fri, 04 Apr 2014 15:22:11 +0800

Vale SA, the world’s biggest iron ore producer, expects to get about US$110/tonne for the steelmaking commodity over the next two years, below analysts expectations for market prices. Vale, which ships about half its ore and pellets to China, sees prices being supported as urbanization rates in the world’s most populous country remain steady for...

SAIL: Worst is over for steel sector in country Wed, 19 Feb 2014 09:04:44 +0800

Mr CS Verma chairman of SAIL said that reeling under subdued demand for over 2 years, the steel sector’s worst phase is over and green shoots are visible in areas like prices and inventories. He said that “The worst phase of steel sector is already over. Things are looking up. Demand has gone up. There is liquidation of inventories. Steel prices...

VALE CEO: The recent drop in iron ore prices is temporary Wed, 22 Jan 2014 16:17:59 +0800

The fundamentals of the Chinese economy remain solid and the recent drop in iron ore prices is temporary, Murilo Ferreira, CEO of Vale, the world's largest iron ore miner, said on Tuesday. Iron ore prices on the Chinese spot market have fallen 8.2% since the beginning of the year to US$123.20/tonne, their lowest level in six months, according...

CISA:Chinese steel industry will stay in hard time next year Tue, 10 Dec 2013 09:29:53 +0800

It is known that the Ministry of Industry and Information Technology was deploying a series of measures to strictly control the newly-added capacity and eliminate outdated capacity. According to Mr Zhang Changfu vice chairman of China Iron and Steel Association, China steel industry achieved an income of 12.97 billion yuan in Jan to Oct., of whi...

Westpac Banking Corp:Iron ore will probably drop 19% by the end of the year as demand slows and supply increases Wed, 27 Nov 2013 15:46:00 +0800

Iron ore will probably drop 19% by the end of the year as demand slows and supply increases, Westpac Banking Corp. (WBC) said, joining Goldman Sachs Group Inc. in forecasting declining prices. Ore may fall to US$110/tonne by the end of the year, Justin Smirk, the second-most-accurate industrial metals forecaster tracked by Bloomberg over the pa...

EKIN MADEN: will not let the chrome ore exports at low prices from Turkey Fri, 15 Nov 2013 21:15:51 +0800

EKIN MADEN, the market leading trading company of Turkish high grade concentrates and lumpy, advises that they will continue supporting the prices. Cenk YILMAZ, Manager of Raw Materials Trading; spoke as follows : “No player neither in domestic nor in international markets should expect any benefit from the current silent situation. We will not let...

Vale: Iron ore prices expected to remain at around US$120-130/tonne in Q4 Thu, 26 Sep 2013 15:18:13 +0800

Global iron ore prices are expected to remain at around US$120-US$130/tonne over the fourth quarter of this year, a senior executive with Brazil's Vale, the world's biggest iron ore producer, said on Wednesday. Jose Carlos Martins, executive director for Ferrous and Strategy with the company, said on the sidelines of an industry conference that ...

CISA report heavy tax duty in iron ore mining to ministries and studying solutions Fri, 09 Aug 2013 10:02:08 +0800

Mr Zhang Changfu secretary general of CISA said that China Iron and Steel Association has submitted proposal on iron ore mining taxes this April in meetings with multiple ministries including State Council, Ministry of National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Commerce, Ministry of Envi...

Anglo American outlook grim for mining sector - CEO Mon, 01 Jul 2013 09:41:28 +0800

Mr Mark Cutifani CEO of Anglo American Plc as saying that the outlook is grim for mining as companies adapt to lower prices and weakening demand. It does look pretty grim, certainly for the thermal coal industry.” Anglo is cutting jobs and halting production at its Aquila coal mine in Australia’s Central Queensland while Glencore Xstrata Plc, th...

CISA: Iron ore to dip further on the long term Thu, 16 May 2013 09:55:46 +0800

Mr Wang Xiaoqi vice chairman of China Iron and Steel Association said that “In the second half of this year iron ore market will see obvious oversupply. Consequently, imported iron ore prices will dip further which is expected to decline USD 10 per tonne to USD 15 per tonne annually.”

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