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Information Technology was deploying a series of measures to strictly control the newly-added capacity and eliminate outdated capacity.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

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...

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...

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.”

Baoshan Iron and Steel Corporation said that iron ore prices are likely to stay around US$130/tonne for the rest of this year with steel prices in China also expected to remain steady. Mr Ma Guoqiang, GM of Baosteel said at an online shareholders briefing that Baosteel's performance was expected to remain mostly unchanged this year with total cr...

(www.mining-bulletin.com): Recently chrome market is facing tough days. The price pressure starting from stainless steel producers to the ferro-chrome producers is also effecting the chrome ore producers as well. But how long these producers can survive? The crisis in Europe effected the Nickel prices at London Metal Exchange. ...

Mr Carlos Gonzalez CEO of MMX said that Brazilian miner MMX plans to become an iron ore exporter as soon as its Sudeste port in Rio de Janeiro state becomes fully operational. Mr Gonzalez said that "We will turn MMX's page and become an exporter starting in 2014. This step will lead us to improved margins next year, making agreements with small ...