Search Results for: steel+price+forecast+2011
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FACTBOX-Major global expansion cons mines iron ore
Iron ore miners in the world are racing to dig new mines and expand old after ore prices . IO62-CNI = IF has more than doubled last year and prices moved to the spot market quarterly fixed annual indexing rates. Below are the expansion and new mine evolution.* Rio Tinto (RIO.AX) (RIO.L) is expanding annual production its Pilbara operations in Western Australia to 234 million tons by the end of this year in a broader effort to increase production 600 million tons during the decade. (more…)
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Asian Stocks Climb ZTE, Seven & I gains fuel optimism
The stock market in Asia has increased, resulting in the MSCI Asia Pacific Index to its second weekly advance, the Japanese retailers increased profit forecast and ZTE Corp. reported higher earnings. Seven & I Holdings Co. and Fast Retailing Co. climbed more than 3 percent in Tokyo after their earnings forecasts. ZTE, China’s second largest manufacturer of telephone equipment, rose 3.7 percent in Hong Kong. Samsung Electronics Co. sank 0.8 percent in Seoul that the won approached a record 18 months against the dollar. Canon Inc fell 2.8 percent in Tokyo after Goldman Sachs Group Inc. downgraded the stock. (more…)