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Iron ore price rebounds after hitting 7-year low

Iron ore price rebounds after hitting 7-year low

Iron ore prices bounced back after slumping to their lowest in seven years in December, 2015 on bargain hunting by traders and small steel mills. The benchmark 62 per cent Fe grade iron ore recovered to trade at $43.11 a tonne, ...

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Iron ore rout seen far from over, cannot shake China gloom

Iron ore prices are set to end down for a third straight year in 2015, with the rout seen stretching to next year and beyond as a glut overwhelms a market hit by falling Chinese steel demand, a Reuters poll ...

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Iron ore prices to average $50 per ton through 2015 and 2016: Fitch

According to Fitch Ratings, iron ore prices are unlikely to recover in the upcoming years, on the back of new supplies coming online during 2016 and 2017. The agency forecasts prices to average around $50 per ton through 2015 and ...

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Global iron ore prices to tumble to $ 50 by December

Global prices of iron ore fines (63% Fe grade) are likely to fall further to the level of $ 50 per tonne down from the current price point of $ 52 a tonne by December this year as big miners ...

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High iron ore prices at auctions by Odisha mining cos repels buyers

Steep iron ore floor prices at e-auctions of state run Odisha Mining Corporation (OMC) drew a tepid response yet again with buyers questioning the miner’s reluctance to cut its prohibitive floor price for lumps and fines. In the last auctions ...

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Iron ore prices may see further 30% drop, warns Goldman Sachs

The iron ore prices are likely to witness further fall of 30% over the next eighteen months, says the latest research note published by Goldman Sachs. BEIJING (Scrap Monster): The latest research report published by Goldman Sachs Group indicates further fall in iron ...

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Iron ore prices may have hit lows of 2015, says Investec

Iron ore prices might have already hit the lows of 2015, says Investec bank in a recently released research report. The raw material prices have remained highly resilient during recent months, which indicate that there is not much downside left. ...

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Iron Ore market remains quiet after the rollercoaster ride

Things quietened down in iron ore market after the rollercoaster ride seen over the past two days. Steel prices continued their recovery, spot billet in Tangshan gaining RMB 30 a ton, said the Steel Index. The futures were also up a touch, ...

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Iron ore price fall a sign China’s economic might waning

Iron ore prices dropped to the lowest in more than two months, sending shivers through the mining industry and heightening worries that Chinese economic activity is slowing just as ore piles up at its ports. China uses more than a ...

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Iron ore hits three-month high as China’s port stocks drop

Spot iron ore prices rose to their highest in almost three months with stocks of imported material at China’s ports expected to drop further amid firm demand for high-grade cargoes. “At the moment, if you have any medium to high-grade ...

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