| Raw Material - Iron Ore |
| Latest Updates |
Comments: India’s Ban on Iron Ore Export Backfires
A popular view prevails in India’s business sector that curb on iron ore exports is inevitable owing to increasing domestic demand for iron ore along with Indian government’s effort to protect its natural resources. India has already raised export tax on iron ore lump from 5% to 10%, and then to the recent 15% in April 2010, while that of iron ore fine steps up from zero to 5%.
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Mills' profit situation to see little difference on Q4 iron ore prices drop, analyst
News reported that Vale plans to lower their Q4 iron ore price by 9-10% in light of the recent drop in iron ore prices in China. If the prices are lowered as planned, this will be the first-ever price reduction since the long-term iron ore pricing mechanism was eliminated.
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[Sept. 1st] Iron ore market updates, Mysteel
The prices of imported iron ore hold stable today after several days' falling despite the steel prices increase in recent days, market players become more active comparing with previous days, more offers and enquires are heard in market.
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