掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Iron Ore Surplus Seen Shuttering China Mines

  • Thursday, May 8, 2014
  • Source:ferro-alloys.com

  • Keywords:Iron Ore Price
[Fellow]New, cheap supplies from Australia, Brazil pushing global prices down Surging global supplies of seaborne iron ore will challenge Chinese producers of the raw material for steel, probably forcing some higher-cost capacity in the country to close, according ...

New, cheap supplies from Australia, Brazil pushing global prices down

Surging global supplies of seaborne iron ore will challenge Chinese producers of the raw material for steel, probably forcing some higher-cost capacity in the country to close, according to BHP Billiton Ltd.

The gain in global production is being led by Australia and Brazil and their new, low-cost output will displace marginal suppliers in China, Michiel Hovers, vice-president of iron ore marketing at BHP, told an industry conference on Wednesday.

 

 

Iron ore surplus seen shuttering China mines
 Rio Tinto to boost iron ore capacity
Iron ore surplus seen shuttering China mines
Baosteel, Aurizon bid $1.3b on mine 

Vale SA, the world's biggest iron ore producer, plans to raise output by almost 50 percent by 2018, Claudio Alves, global director of marketing and sales, told the gathering in Singapore.

 

The biggest producers, including Vale, BHP, Rio Tinto Group and Fortescue Metals Group Ltd, have invested billions of dollars to expand output, betting on sustained growth in demand from China, the biggest buyer. Iron ore fell into a bear market in March amid forecasts for a global glut.

Fortescue wouldn't cut output even if prices extend declines as its costs are low, Zhuang Binjun, business development manager, said.

"Seaborne supply growth will come largely from Australia and Brazil," said Hovers. "This new supply will be low-cost seaborne and displace marginal supply from high-cost domestic Chinese producers and other lower-quality iron ore imports into China."

Slumping prices

Ore with 62 percent content delivered to Tianjin has fallen 21 percent so far this year to $106 a ton as of Tuesday, according to data from The Steel Index Ltd. The benchmark fell to $104.70 on March 10, the lowest level since 2012. While prices may be firmer over three months, there may be a drop below $100 over six months, toward $90, on the new supplies, Kamal Naqvi, global head of metals at Credit Suisse Group AG, told the conference.

  • [Editor:Sophie]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 齐河县| 磐安县| 武穴市| 隆尧县| 芷江| 遵化市| 巨野县| 万源市| 福清市| 吉木萨尔县| 称多县| 南和县| 宁河县| 故城县| 镇赉县| 如东县| 元谋县| 福贡县| 屏东市| 泌阳县| 申扎县| 仙桃市| 永顺县| 十堰市| 开封县| 阜城县| 雷山县| 祁东县| 遂川县| 盖州市| 东丽区| 岑巩县| 滁州市| 西盟| 巴青县| 平原县| 宣武区| 岚皋县| 四会市| 肥西县| 泽普县|