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Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few months as Chinese steel mills could see a surge of 70% or more in the prices of raw materials. The insider said that China iron ore contract price talks with the world's leading suppliers have entered the final stage and that the suppliers have asked an increase of between 70% and 80% in the price of iron ore and an increase of between 80% and 100% in the price of coke.
According to statistics released by the General Administration of Customs earlier the average price of imported iron ore was USD 79.8 per tonne in 2009 down by 42%YoY and the value of imported iron ore was USD 50.51 billion in total last year.
The country imported 627.78 million tonnes of iron ore last year 41.6% more than the 443.45 million tonnes it imported in 2008 due to increasing demand for the mineral.
Source: China Knowledge / Hellenic Shipping News
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Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
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- Interocean Group of Companies - India
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- Latin American Coal - Colombia
- The University of Queensland
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