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Iron Ore, The Iron Ore Industry
datum
post Posted: May 19 2006, 05:28 PM
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In reply to: jacsar on Friday 19/05/06 02:46am

gday jacsar, flash
The chinese have bought this on themselves, taking far to long to settle prices.
They having been talking down the demand for ironore/commodities to try & drive down the price.
yet there gdp is rising faster than ever at 10% or more.
A recent news report showed fixed asset investment up 27% from a year ago.
I think the chinese probably reduced negotiations to an infantile slanging match.
Now they are paying the price. They are probably choking on their rice patties as we speak.




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This is not a bottom draw stock. This is a stock you take to the grave with you.
 
jacsar
post Posted: May 19 2006, 01:46 AM
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In reply to: theflasherman on Friday 19/05/06 12:48am

The chinese who are normaly good students of history, have slipped up here and should look back to the '70's early '80's for a mirror image when the japanese were screwing the the producers because the mills had the upper hand, how the wheel of history turns ever so subtley.....cheers jacsar

 
theflasherman
post Posted: May 19 2006, 12:48 AM
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Looks like CVRD have done the same deal with Posco (Korean). Also RIO have done a deal with Japan at the same rate. The Chinese are slowly getting squeezed. It will be interesting to see if BHP and RIO can get any of the freight differential they were trying to get last year.



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[b]Later, Flash[/b]
 
theflasherman
post Posted: May 17 2006, 01:54 AM
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Nice....... should stem some decline in BHP & RIO

QUOTE
CVRD iron ore price rise seen paving way for Rio, BHP

Tuesday May 16, 2006, 1:40 pm

MELBOURNE, May 16 (Reuters) - Australian iron ore producers Rio Tinto Ltd./Plc (ASX: RIO) RIO.L and BHP Billiton Ltd./Plc. (ASX: BHP) BLT.L were likely to win iron ore price increases in line with a 19 percent rise secured by Brazil's CVRD, analysts said on Tuesday.

The rise would be above most market estimates, which one analyst said generally centred on a range of 10-15 percent.

CVRD RIO.NVALE5.SA, the world's leading exporter of iron ore said on Monday it had secured a 19 percent increase for 2006 in negotiations with Germany's biggest steel maker ThyssenKrupp A.G. TKAG.DE.

BHP Billiton and Rio Tinto both declined to comment on the deal by Companhia Vale do Rio Doce (CVRD) or the status of their own negotiations with Asian steel makers.

But analysts said historically a deal reached in one region would be quickly followed by equivalent agreements in the other.

"At this stage I would envisage that having got one settlement in Europe, it would be a way of forcing settlement in Asia at the same price," UBS analyst Glyn Lawcock said.

Iron ore producers achieved a 71.5 percent increase in iron ore prices last year, but steel makers have resisted further large price increases this year and talks on price settlements have extended past the April 1 start of the Japanese fiscal year.

China, which has overtaken Japan as the largest iron ore market, has been particularly vocal against another severe price hike.

"This year is a little bit different because you have a very strong and antagonistic buyer in the market and that is China," Daiwa Securities analyst Mark Pervan said.

"I the get the feeling that what will happen is that Japanese steel mills will probably follow pretty quickly at the same price and the Chinese will hold out as long as they can."

But Pervan said Chinese buyers were likely to also agree to a price increase close to the 19 percent set by CVRD.

"I think the iron ore producers will not be willing to concede much with the Chinese because it puts in jeopardy the whole pricing structure of the iron ore market," he said.

BHP Billiton shares eased 2.4 percent to A$29.93 and Rio Tinto shares fell 2.4 percent at A$82.18 in afternoon trade, after a tumble in metals prices, but analysts said the CVRD deal was limiting losses. ($1=A$1.32)




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[b]Later, Flash[/b]
 
theflasherman
post Posted: Apr 15 2006, 01:49 AM
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a serious stoush going on....

http://metalsplace.com/metalsnews/?a=4623





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[b]Later, Flash[/b]
 
theflasherman
post Posted: Apr 11 2006, 08:00 AM
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10% increase in price looking likely...

http://metalsplace.com/metalsnews/?a=4574



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[b]Later, Flash[/b]
 


theflasherman
post Posted: Feb 7 2006, 08:14 AM
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China steelmakers still in talks for '06 iron ore contract

http://metalsplace.com/metalsnews/?a=3828

Looks like approx 10% rise in iron ore prices are on the cards.....



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[b]Later, Flash[/b]
 
mickdog
post Posted: Dec 7 2005, 01:35 PM
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TFE- This one could have slipped under the radar...
Small market cap, 7 mil in cash, tight register and not alot of shares on issue (IOH)
Resource statement was due late Nov...

Any people watching or care to look into this?

 
theflasherman
post Posted: Dec 7 2005, 06:52 AM
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duh....

RON ORE PRICES
By Declan Conway
LONDON, Dec 6 Reuters - China holds the key to annual contract talks between iron ore miners and steel mills for next year deliveries of the raw material, dealers said on Tuesday.
Price talks typically get underway late in the year and can last for months, with the world market usually benchmarked against the first agreement between a big steel firm -- traditionally European or Japanese -- and one of the big miners.
But with China's emergence as the world's largest importer of iron ore, the industry expects that a Chinese steel mill may lead the first big contract.
"The outcome of the talks will really hinge on what is agreed between China and the miners," an iron ore dealer said.
"Most Chinese steel mills are against price rises and may want a reduction as domestic steel prices there are lower than other international markets.
"However, China really needs a push to consolidate and regulate its steel industry to strengthen its argument.
"Although it talks of slower steel growth next year, it must have 200-300 steel plants that have rapidly expanded and brought on another 100 million tonnes of capacity this year alone."
There is virtually no iron ore spot market in Europe, with deals done on a long-term basis.
The main spot market is in India, where prices dropped to $50 a tonne last month from $65 in April after China released measures to limit imports.
Iron ore was settled at about $52 a tonne this year, from $30 in 2004 and around $25 the year before.
CHINA VORTEX
China has consumed a vast amount of raw materials in recent years in an economy with current GDP growth at around 7-8 percent after hitting 9.4 percent for the first nine months of this year, according to state-backed trading firm Minmetals.
Its crude steel production was forecast to hit 340 million tonnes this year -- a third of world output -- with consumption just 10 million above that, also a third of the world total.
However, stocks were plentiful, with dealers a holding about a third of total domestic inventories, according to state-backed trading firm Minmetals.
China will have imported 264 million tonnes of iron ore by the end of this year, the Ministry of Commerce said on Monday.
It forecast imports would rise by a further 35 million next year, less than the 56 million forecast for this year due to falling domestic steel prices.
The ministry said it expected an iron ore surplus of 12 million tonnes next year as production of the raw material increased against slower Chinese steel growth.
The ministry's comments came as Chinese steel mills have campaigned to restrict iron ore prices supplied by the world's top miners, such as Companhia Vale do Rio Doce (CVRD), Australia's BHP Billiton and Rio Tinto after a 71.5 percent jump this year.
But on Monday CVRD said that world demand still outpaced supply, suggesting another price rise next year is justified.
"Demand remains strong, and our customers are going to have to take that into consideration," the company's chief executive Roger Agnelli said.
However, the steel industry is unlikely to accept anything like this year's rise, despite managing to pass that cost on to their customers, dealers said.
"Although they weren't happy with the price increase they were able to foist higher steel prices on to their customers, such as the auto makers," another dealer said.
"But the auto industry has consolidated, giving it a stronger voice when negotiating prices with its suppliers, so the fragmented steel industry will find it tough to maintain sales prices if their raw materials costs are cheaper."
Reuters
07-12 0644




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[b]Later, Flash[/b]
 
theflasherman
post Posted: Dec 1 2005, 05:04 PM
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Further to my post on 26/10 iron ore is back in focus. However, I've noted that focus has been on explorers and those in that have many years to development of a mine.

Those that are close to production or in production haven't really done much. I note that ADY and AZR are actually going backwards.

I still think there is more to go in the iron ore game and I can even see substantial capex magnetite projects get off the ground in the mid-west.



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[b]Later, Flash[/b]
 
 


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