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Iron Ore Below $50 Hits Miners as Rio Tumbles 5.1% This Week

Iron ore is rounded out another poor week, capping another bad month in what’s shaping up to be another tough year as the world’s largest miners boost low-cost output while China’s steel demand contracts. Prices recorded a third weekly loss ...

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Chinese Spot Steel prices remain flat; Shanghai Rebar futures up

DCE iron ore futures prices rose to the upper limit on Friday, seemingly off the back of China’s stock market intervention ahead of next week’s victory parade.  The positivity fed through into firmed bids on spot iron ore tenders. An ...

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Deutsche Bank expects a downside risks in Iron Ore

Although Deutsche Bank has left their global steel production forecast unchanged at +1.3%, hitting this forecast does depend on a recovery in global, and especially Chinese steel production. Deutsche Bank sees the risks of an H2 recovery as evenly balanced, ...

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Mexico iron ore imports up 9% in March

The iron ore imports by Mexico during the month of March this year increased significantly over the imports recorded during the same month a year ago. This is as per the latest trade statistics released by the Secretary of Economy. The imports ...

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Iron Ore Supply Cuts by Majors Just Won’t Work, Says Goldman

The world’s biggest iron ore miners are right to press on with expansions into an oversupplied market as reining in supply growth would hurt efficiency and be hard to coordinate, according to Goldman Sachs Group Inc. “Efforts to support prices ...

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Iron ore price surges by 11% WoW on low inventory

Iron ore price levels rallied by 11% touching USD 63 per tonne, CFR, China for Fe 62.5% fines. The rally is primarily driven by hiked buying by Chinese mills and depleting inventory at ports To access the above information, you ...

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Turkish iron ore imports surged higher in March

The latest data released by the Turkish Statistical Institute (TUIK) suggests that the country’s iron ore imports surged higher during the month of March this year. The imports during the month totaled 828,000 tonnes, surging 55.9% when compared with the imports during ...

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Barnett predicts iron ore price rebound

West Australian premier Colin Barnett is confident iron ore prices will rebound from their record lows to above $US70 a tonne. MR Barnett said the idea of a federal parliamentary inquiry into iron ore was flawed and urged Australia’s biggest ...

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BHP Billiton slams inquiry into Australia’s Iron Ore industry

BHP Billiton said an inquiry into Australia’s iron ore industry was unnecessary.    Speaking on ABC radio, BHP Billiton CEO, Andrew Mackenzie said an inquiry would send the wrong signal to international customers about the country’s commitment to free trade.   Mackenzie ...

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The Future of China’s Economy and the Iron Ore Price

There’s something tragically comical about last week’s head in the sand, vote buying budget, Atlas Iron’s miraculous recovery from bankruptcy, the government’s inquiry into the iron ore industry, and this news from China, as reported by the Financial Times: ‘China ...

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