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Miners face steep iron ore price cuts
Iron ore is recovering from a three-year low just as Vale, Rio Tinto and BHP Billiton start talks with Asian steelmakers to set prices for annual supply contracts. Prices have risen 33% since October to $US84.50 a metric tonne for immediate delivery in China's spot market after stockpiles in the largest...
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- News Source: China News | 9 months agoDomestic steel prices have increased for 12 consecutive weeks since mid-November 2008, according to statistics from steel consultancy website mysteel.com. "Prices of steel products have increased continuously since November backed by the resilient...
- News Source: The Motley Fool | 9 months agohave been on an impressive run over the past few months, as investors grow more encouraged about the long-term prospects for many beaten-down players. Vale's large selection of metals and minerals, despite the current weakness in the global economy.
- News Source: The Age | 9 months agoIron ore is recovering from a three-year low just as Vale, Rio Tinto and BHP Billiton start talks with Asian steelmakers to set prices for annual supply contracts. Prices have risen 33% since October to $US84.50 a metric tonne for immediate delivery...
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