Iron ore prices on the rise
By lparth at 30 July, 2008, 10:09 am
BHP Billiton Ltd, one of the 3 major iron ore exporters, has struck a price increase of 97% from Chinese Steel makers for the iron ore lumps for 2008-09.This is similar to the agreement of Rio Tinto Group with Baosteel Corporation of China. For the iron ore fines, the price increase is around 79.8 %.
National [...]
Securing raw materials for the Steel Industry
By lparth at 18 July, 2008, 10:27 am
Rising costs of raw materials such as Iron ore and coking coals are expected to adversely affect the earnings of the Global Steel makers this year. All the companies are setting their eyes on securing raw materials to implement their ambitious capacity expansion plans.
Arcelor Mittal is planning to boost its steel production by 18% to [...]
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