BHP Billiton Ltd. (BHP), the world's largest mining company, expects China to cut more higher-cost domestic iron ore output as the biggest global producers flood the market with low-cost supply. "As Australia expands its ability to export more and more high-quality iron ore, the Chinese are producing less and less domestically," BHP Chief Exe...

Brazilian miner MMX, controlled by local tycoon Eike Batista, said  that the search for a partner to help fund its expansion had become harder as the price of iron ore fell. MMX Mineração e Metálicos, as the company is formally known, is in the process of restructuring and looking for a partner for its Serra Azul mine project, in Minas G...

Miner wants to build relations as iron ore market gets competitive. The world's second-largest miner, Rio Tinto Group, faces an ever more competitive iron ore market. It wants stronger relations with China, the world's biggest steelmaker. "As China continues its urbanization and industrialization process, the steel demand will ...

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...

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...

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...

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Information Technology was deploying a series of measures to strictly control the newly-added capacity and eliminate outdated capacity.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...

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, 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...

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 ...