A forecast used by Rio Tinto and BHP about China’s prospective peak to steel production has been criticised by a former executive.
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Iron ore sees another price rally
Iron ore has continued its winning streak for the sixth straight day.
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On The Bench: Iron Ore – The Reckoning [VIDEO]
Vicky Validakis and Ben Hagemann look at the current state of the iron ore industry.
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Iron ore price makes a slight gain
The price of iron ore has made a slight recovery and is now trading back up past $US47 a tonne.
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Arrium sells Newcastle manufacturing business
Arrium is selling its Wire Ropes business in Newcastle to a Danish firm for $90 million.
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Bradken Adelaide foundry to close, up to 119 jobs to go
Workers have been told in a letter that the Bradken foundry at Kilburn, Adelaide will be “phased out” late next year.
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Iron ore could be in trouble for over ten years: analyst
An analyst out of China has warned the price of iron ore could fall to lows of $US50 a tonne.
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China steel boom is done: BlueScope boss
Paul O’Malley, CEO of BlueScope Steel, has said that the need for steel has peaked in intensity in China.
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Hopes Malaysian investors will rescue $5 billion Gladstone steel project
There is still hope that the project to create a major, $5 billion steel project in Gladstone will get off the ground.
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Arrium may sell part of Newcastle mill site
Arrium may sell part of its Newcastle steel mill site and lease it back. Such a move could raise as much as $100m for the company.
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Chinese steel output won’t top 900 m tonnes: expert
China’s steel output is nearing its capacity, according to one of the country’s senior figures in its steelmaking industry.
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Chinese steel production figures overcooked, expert says
Iron ore is on the slide, finishing at below $US80 a tonne for the first time in five years.
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Iron ore could slump to $US75 by next year
The price of iron ore could fall to lows of $US75 a tonne next year as China will be unable to absorb waves of new supply from Australia and Brazil, analysts warned.
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Iron ore price recovers to above $US96
Iron ore has seen a price resurgence as China shuts down its high-cost mines and announces upbeat manufacturing data.
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SSAB to acquire 51pct stake in G&G Mining Fabrication
Swedish steel maker SSAB has signed an agreement to acquire 51% of the shares of Perth-based G&G Mining Fabrication.
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Iron ore price continues to tumble
Iron ore has continued its slide south of the $US100 a tonne mark, dropping to $US96.80 overnight as China’s central planning agency said the country’s high steel demand period had passed.
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Chinese government weighs up costs of cutting steel production: KPMG
An expert from KPMG has said the Chinese government was committed to shut some of the company’s less productive steel mills.
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QME 2014 Preview: Cyclone proof reinforced concrete
Helix Steel Australasia will display their reinforced concrete on stand F229 at the 2014 Queensland Mining & Engineering (QME) Exhibition.
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Bradken to close manufacturing facilities, cut jobs
Bradken has announced it will be shutting down its “highest cost manufacturing facilities” and cutting its workforce.
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Arrium cuts 120 jobs in Newcastle
Miner and steel maker Arrium is cutting 20% of its workforce at its Waratah site in Newcastle.
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