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The annual contract price of iron ore had never strayed far from $10 – $14 per tonne since the 1970s. Then at the end of 2004 all hell (for Chinese steelmakers that is) broke loose.
Iron ore and oil, for ages among the strongest commodities, are on course for their biggest annual decline in over five years, with crude down the slippery slope in the last days of 2014.
McEwan also addressed industry consolidation, which could lead to slower, but more stable production if oil majors are active buyers in the U.S. tight oil space. But he considers the seaborne iron ore ...
Iron ore has been the clearest victim among commodities of China’s property crisis. The raw material for steelmaking is down by more than a third this year, and is now trading well below the key ...
I also want to touch on when you talked about iron ore. Because we saw those prices last week plunged below $100 a ton. Let's show you a chart of some miners. Those are under pressure right now.
Iron ore imports climbed to 106.42 million metric tons in August, up 13.8% from July as steel mills moved to replenish lower than usual port inventories, and as spot prices for the steel raw ...
Iron ore futures collapsed today, falling 6.7 percent. It's a major component of steel and as such is viewed as one indicator of economic health in China. As you can see from the charts below, it ...
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Evening Wrap: ASX 200 gains on iron ore, oil, uranium, and ... - MSNThe iron ore technicals are improving, that is clear, but the price remains largely rangebound – oscillating between 91-30-106.35 and more broadly between 83.85-110.40.
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