| Raw Material - Iron Ore |
| Latest Updates |
Analysis of China iron ore imports in 2009
The statistics of Customs show in 2009 China’s iron ore fines and concentrates imports reached record high of 630mlt, about 41.6% higher than 2008. But the total imported value dropped 17.4%, posting at $50.14 billion with the average prices of $79.9/t, about 41.7% lower than a year earlier.
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Vale quits from iron ore talk on huge price bifurcation, news
"Vale has retreated from the annual iron ore talk as China's offer is too low and is unacceptable to the company" said a Hebei based steel analyst. The news then was confirmed by two other steel mills also from Hebei. But Vale's e-mail to reporter yesterday declined to make any comments.
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China's Ansteel sees iron ore benchmark deal in April
A deal on benchmark iron ore prices is expected to be reached in April, the president of China's Anshan Iron & Steel Group said on Wednesday, but urged the big ore suppliers to be more reasonable in their demands.
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