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Iron Ore, The Iron Ore Industry
ewere
post Posted: May 30 2006, 11:20 AM
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have a look at the shn story it might cover the criteria you want.

 
favshare
post Posted: May 30 2006, 10:51 AM
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HI guys, I am very new to the iron industry so please be patient with my questions. My questions have all come about because I heard something this morning from a Mining engineer that pricked my ears. He mentioned that iron is actually not that abundant that there is really only 3 large sources of Iron in the world, that being Brazil and two in Western Australia.
My question is, does that information sound about right and could anybody share with me the name or share code of these companies that are involved especially any penny hopefuls. Any info would be great. biggrin.gif

 
theflasherman
post Posted: May 30 2006, 07:22 AM
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CHINA IRON ORE
BEIJING/SHANGHAI, May 29 Reuters - Chinese steel mills have decided to accept a 19 percent price hike for iron ore, putting an end to months of negotiations with the world's top miners, including Brazil's CVRD, industry sources said late on Monday.
The sources said the decision came after a Beijing meeting of the country's top 16 mills, headed by Baosteel Group.
This would put Chinese mills in line with top steel makers around the world, including Arcelor and South Korea's POSCO, which have already accepted the 19 percent price rise first settled by ThyssenKrupp AG.
No comment was immediately available from Baosteel, which headed the negotiations with the miners, Companhia Vale do Rio Doce, (CVRD), Rio Tinto Ltd./Plc. and BHP Billiton Ltd./Plc.
CVRD officials were also not immediately available to comment.
Last year iron ore miners won a 71.5 percent price hike on the back of growing demand for ore to keep pace with China's expanding steel making sector.
The Chinese industry had held off on accepting the price, even as other Asian and European steelmakers fell into line.
China, the world's top importer of iron ore, had claimed the right to lead negotiations and resented that smaller mills had set the prices.
The profits of Chinese mills have been squeezed in part due to fierce competition among mills that are fighting for survival following rapid expansion.
Reuters tcs
30-05 0625





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[b]Later, Flash[/b]
 
balance
post Posted: May 25 2006, 03:11 PM
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In reply to: theflasherman on Thursday 25/05/06 03:03am

from the newswires.....

Brazil's CVRD CEO says China's not going to get any
reduction in 19% gain CVRD has squeezed out of European and other Asian
steelmakers. Despite China driving demand, CVRD boss Roger Agnelli says he'll
have no problem selling his wares to other countries. Most analysts expecting
China to settle with BHP (BHP.AU), Rio Tinto (RIO.AU) as well as CVRD at 19%
gain.




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Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
theflasherman
post Posted: May 25 2006, 02:03 AM
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Chinese caving in...

http://metalsplace.com/metalsnews/?a=5219




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[b]Later, Flash[/b]
 
theflasherman
post Posted: May 24 2006, 06:49 PM
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Putting the 19% rise in context for Chinese steel producers. 19% rise in iron ore = approx 2% rise in cost of producing steel.

http://metalsplace.com/metalsnews/?a=5208



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[b]Later, Flash[/b]
 


alonso
post Posted: May 21 2006, 07:59 PM
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In reply to: early birds on Sunday 21/05/06 12:38pm

buy some cheap but promising soon-to-be-producer like AZR



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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
early birds
post Posted: May 21 2006, 12:38 PM
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In reply to: cloudwalker on Sunday 21/05/06 03:12am

yeah cloudwalker, it seems Chinese steel maker is hit by left and right. if Mittal buy out of Arcelor, i can't see how they be able to win this battle. resault of the that will be cut back import volume by Chinese wich is only good for steel price to heat up again.

buy some local steel maker's share like of BSL....... what do you guys think??


ps, thanks flasher for the link. that way we all get prob info, not the oneside the stories.

 
theflasherman
post Posted: May 21 2006, 03:30 AM
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Update and analysis.

http://metalsplace.com/metalsnews/?a=5168

Finding the negotiations fascinating....



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[b]Later, Flash[/b]
 
cloudwalker
post Posted: May 21 2006, 03:12 AM
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In reply to: early birds on Friday 19/05/06 07:59pm

QUOTE
four of the steal maker who sign the deal don't represent the major players like Acelor,....still haven't done deal with 3 major supplyer yet. that four who sign the deal they are the only samll player on the field. they are not the one who can set banch marks


Hi Early birds,

Looks like CVRD got a major player on board now with Mittal Steel also agreeing to the 19% price rise. Mittal are the world's largest steelmaker. They are also trying to take over Arcelor.

I know the Chinese are very tough negotiators but how are they going to hold out when the rest of the world is agreeing to the 19% ?

 
 


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