Global iron ore suppliers to try to put pressure on Chinese steelmakers and the China Iron & Steel Association (CISA) by spoofing, namely the spread of rumors.
Recently there were reports in the foreign media say China’s five major metallurgical companies a temporary supply of iron ore prices with Vale had reached, and BHP Billiton, rose 35% from USD 62 per tonne last year to $ 84 per ton. Read more
Tags: <BHP Billiton, China mining company, chinese steelmakers, CISA, iron mining, iron ore supplier, iron ore supply price, metallurgical companies, steel producer, Vale>, Iron Ore Suppliers
Crude futures fell NEW YORK-Friday with a slumping euro as Standard & Poor’s willing to credit rating downgrade France, adding new fears about the European economy. The ratings service, knowledge of the French government and other European governments that their debt ratings cut, according to reports Friday, sending the euro to 16-month lows against the dollar and taking the wind out of riskier assets such as oil, stocks and other commodities. News of the impending downgrades renewed concerns about a possible stumbling block for the world economy and oil demand. Traders quickly switched gears to focus on the credit crisis in Europe after a Thursday selloff was sparked by possible delays in the EU embargo on Iranian oil. (more…)
Australian S & P / ASX 200 index fell 1.5 percent to 4355.70 from 10:41 in Sydney. New Zealand NZX-50 index fell 0.6 percent to 2966.92 in Wellington. The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Australia:
Mining shares: Copper futures for September delivery fell 2.7 percent to $ 2.9295 per pound in New York on July 16. (more…)
Coal producer, Massey Energy releases first quarter financial results, after a coal mine disaster in West Virginia owned by Massey Energy. But report released by coal mining companies not affect the company’s financial results, because the company’s first quarterly financial report made before the coal mine disaster in West Virginia. (more…)
