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China Cuts Steel Production. How That Hurts Iron-Ore Prices.

STR/AFP via Getty Images. Iron-ore prices touched record highs this year, but look to suffer their biggest monthly loss ever as China's curbs on carbon emissions include limits on the output of ...

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Iron ore edges higher, but BHP, Rio hit by rating cut - The Australian

5:40AM October 14, 2016 The iron ore price has edged further above the key $US55 threshold, even as Australia's major miners were hammered in London trade after Citi cut its rating on both BHP Billiton and Rio Tinto to sell. Iron ore inched up 0.2 per cent to $US56.60 a tonne overnight, according to The Steel Index, from $US56.50 the previous day.

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Bulk Buys: Iron ore price falls as lockdowns take hold in China

Apr 27, 2022"China's policy to cut steel output in H2 2021 saw iron ore prices plunge from $US233/t in mid‑May 2021 to a low of $US87/t in mid‑November. However, the policy to cut steel output last year came after China's crude steel output surged ~12%/yr in H1 2021," he said. "The timing of this year's announcement couldn't be more different.

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HAWSONS IRON PROJECT PREFEASIBILITY STUDY - Hawsons Iron

Hawsons Iron Project prefeasibility study (PFS) for a 10 million tonne per annum (Mtpa) operation confirms: Broken Hill project's potential as the leading undeveloped high quality iron ore concentrate and pellet feed project. Robust project economics and excellent development potential at long-term iron ore price forecast.

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Economic outlook in Australia remains murky - The Conversation

A key source of tension for the Australian economy remains the high AUD, particularly in the face of falling iron ore and coal prices and a significant narrowing in the interest rate differential ...

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ASX 200 iron ore miners finding renewed favour - The Motley Fool Australia

Aug 31, 2021ASX 200 miners brace for more iron ore pain. "We expect the China's steel curtailments to be targeted in 4Q when demand slows seasonally and air pollution is in focus (especially ahead of the ...

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Have The Iron Ore Miners Been Oversold? - FNArena

Predictably, the iron ore sell-off has punished the valuations of our big three producers. Since the iron ore price began tumbling in late July, Rio Tinto ( ( RIO )) and BHP Group ( ( BHP )) shares have fallen by up to -30%. The pure-play Fortescue Metals ( ( FMG )) has been routed by up to -40%, slashing more than -$10bn from the value of ...

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AUSTRALIA: DOWNSTREAM LINKAGES - International Institute for ...

Iron Ore Export Embargo on the eve of World War II to prevent the Japanese from importing ore from Yampi Sound in Western Australia. 9 This embargo remained in place until 1960. With the relaxation of the embargo, iron ore output expanded by 60 per cent, with production doubling in Western Australia toward the late 1960s. Several

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Iron ore miners look beyond current price rebound with concern

While port stocks remain below 85m tonnes they think iron ore is likely to remain supported, although prices have slipped in recent days, falling $1.20 to $60.90 a tonne on Wednesday.

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Iron ore could drop to $US70 a tonne, Bank of America

Iron ore's outlook is bearish. Sydney Morning Herald On Wednesday, the spot price rebounded 17 per cent to $US108.70 a tonne as Chinese buyers returned after an extended weekend break. The price...

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Australia's Economic Outlook 2022-2023 | Post - Scotiabank

We expect iron ore and coal prices to ease over 2022-23 but stay high relative to historical norms. First yield is expected at Fortescue's Iron Bridge project later this year at a time when other major producers struggle to ramp up.

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Iron ore price retreats on news of further restrictions in China

Jun 18, 2021Iron ore prices were down slightly on Friday on news of Chinese state monitoring of the commodities markets and new operational restrictions in top steel producer Tangshan. Benchmark 62% Fe fines ...

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Metal Prices Boosted By A South African Move To Close Its Mines - Forbes

Mar 24, 2020Though iron ore has been widely tipped for the past 12-months to fall back to around $55 a ton it remains around $88/t fulfilling a surprise role as a safe haven for investors along with an even ...

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Iron Ore | Today's Spot Price & Charts - Market Index

4,672,997. $43.61 M. -69.41%. Show all companies. Australia is the world's largest iron ore exporter (and 2nd largest producer) accounting for around a third of global production. Western Australia holds just over 90% of Australia's identified iron ore resources and has a reputation for producing consistently high concentrations of around 60%.

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AUDUSD Forecast, News and Analysis - FXStreet

In the AUDUSD Forecast Price 2022, our AUDUSD Forecast Poll shows a moderately bullish outlook as commodity currencies are bid. By the end of the year 2021, the average outlook for the pair is 0.7204.

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Why "Pig Iron Scott" should boycott iron ore to China

". 60% of the iron ore that drives it is sourced in Australia. Roughly speaking that is 18% of Chinese GDP that would virtually collapse overnight. But that is just absolutely false.

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Iron Ore and Property Crash? Not So Fast — Current Iron Ore Price

' Surging commodity prices, particularly iron ore, pushed up the value of mineral exports to a new high, driving the quarterly surplus to more than 3 per cent of GDP. Following the release of the positive data, market economists revised up their March quarter gross domestic product (GDP) growth forecasts to a robust 1.5 per cent, from 1.1 per cent.

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The surge in iron-ore, steel prices needs to be arrested

International iron-ore prices, the most crucial ingredient in steel-making, leapt to a nine-year high last Friday, fuelled by speculative buying by Chinese traders on the Dalian Commodity Exchange ...

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The latest ASX 200 mining shares to get hit by broker downgrade

"The significant change in sentiment, combined with lower Chinese steel output has led us to cut our 2021/22 forecasts from $181/150/t to $165/125/t (-9%/-17%)." Earnings cuts will hurt some more than others The lower iron ore price assumption led JPMorgan to lower its earnings forecast for ASX iron ore shares by 10% to 35%.

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Are BHP, Rio and Fortescue now decent value? - Switzer Daily

Predictably, the iron ore sell off has punished the valuations of our big three producers. Since the iron ore price began tumbling in late July, Rio Tinto and BHP shares have fallen by up to 30%. The pure-play Fortescue has been routed by up to 40%, slashing more than $10 billion from the value of founder Andrew Forrest's 36% shareholding.

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IRON ORE - The Economic Times

On Saturday, the government announced that with effect from Sunday export tariffs on new iron ores and concentrates would be raised to 50% from 30%, and duties on pellets would be hiked to 45% from zero. The government also removed import tariffs for coking coal and coke. 23 May, 2022, 01.30 PM IST

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Chinese iron and steel industry - Latest business news - China Daily

Chinese steel maker lowers profit goal. [2012-07-19 15:32] Wuhan Iron and Steel Group Co cut its profit goal for the entire year from 3 billion yuan ($476 million) to 1.6 billion yuan on Wednesday ...

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Iron ore bear market worries as price drops again - The Australian

Iron ore prices continue to drop, shedding 7.4 per cent to US63 a tonne overnight, the lowest spot price since mid-July. ... Chinese mills have cut hot rolled coil prices due to weakening demand ...

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Mitsui Faces Iron Ore Price Headwinds - SeekingAlpha

One Australian mining and energy analyst sees prices averaging $100/ton in the fourth calendar quarter of 2021, declining to $85 by the end of 2022. This forecast is in-line with the futures curve....

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Goldman Sachs once again say they have a negative outlook for the iron ...

Say that any price weakness will not sustain in coming months. However, further out: "We reiterate our 6-12 month negative view on iron ore as we expect the market to enter a surplus in 2H21 on ...

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End of the mining boom: iron ore's price slump affects all ... - news

THE BUDGET AMP Capital chief economist Shane Oliver said the falling iron ore price — from $US180 a tonne in 2011 to $US40 today — impacted Australians on a number of levels and the Federal Budget was feeling the pinch. Widespread impacts ... The falling iron ore price may be affecting you more than you might think.

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Site visit: Black Iron advances Shymanivske premium iron ore project in ...

Only a few weeks before, in late January 2014, Black Iron had completed a bankable feasibility study at Shymanivske showing attractive economics for a 10-million-tonne-per-year iron ore mine, producing a premium product with 68% iron content, and low impurities. Location map of Black Iron's Shymanivske iron ore deposit near Kryvyi Rih ...

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Financial Markets Today: Quick Take - July 20, 2022 | Saxo Group

That being said, the market is holding its breath for the last export figures from Australia, which will show how much iron ore exports rose in June. The prior month showed iron ore exports rose 2.5% m/m. We will need to see shipments rising to China before we can expect the iron ore price to move up. ASML reported profit beat but a cut in outlook

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China's economy is losing momentum. What is happening and why does it ...

Aug 23, 2022China is easily Australia's largest two-way trading partner, accounting for about a third of all trade. In June alone, Australia's exports to China (excluding Hong Kong) topped $16.3bn, or almost...

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Resources and Energy Quarterly December 2021 - Department of Industry ...

This reflects the commencement of several new mines in Western Australia. Iron ore prices are projected to decline further over the outlook period. This is likely to see Australia's iron ore export earnings fall (from $153 billion in 2020-21) to $118 billion in 2021-22, and $85 billion by 2022-23.

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Column: Iron ore suffers short-term demand woes, longer-term China ...

Jun 20, 2022China's domestic iron ore contract has also slumped, ending last week at 838 yuan ($124.70), down 10.3% from its closing high so far this year of 934 yuan on June 6. The immediate catalyst for the...

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New high for iron ore a boost for Australia's resources sector

Global iron ore prices have hit record highs, surpassing the previous record from a decade ago and providing a welcome boost to Australia's resources sector as the world recovers from the impact of the COVID-19 pandemic. ... Australia is the world's leading iron ore producer and exporter, with the stronger prices helping to push Australian ...

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Iron ore's bull run may end in the second half of this year

Prices for iron ore with 63.5 per cent iron content was quoted at $208.50 a tonne, cost and freight Tianjin. However, the prices are off the record highs witnessed last week. Iron ore 63.5 per cent...

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Australian Dollar Eyes Retail Sales as Iron Ore Rises, US ... - DailyFX

Jul 27, 2022Rio Tinto Group—an Anglo-Australian mining company—cut its dividend by 50%, which saw its stock price fall in European trading. The iron ore miner announced that it is close to a breakthrough on a...

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Iron Ore Outlook Cut by Australia as Global Shipments Surge

Mar 18, 2015Australia, the world's biggest iron ore exporter, lowered its outlook for prices this year as rising shipments expand a global glut. Rates will average $60 a metric ton this year, the Department of...

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Seaborne iron ore market liquidity dries up as prices weaken again ...

Seaborne iron ore market liquidity dries up as prices weaken again Trading activity continued to stagnate in the seaborne iron ore market on Friday March 24, while that at Chinese ports have also cooled down in the absence of positive news.

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Iron Ore Price Outlook Cut Again by Australia on Supplies

Sep 24, 2014Australia's state commodity forecaster cut its iron ore price estimates for this year and 2015, pruning its outlook again as surging production in the world's largest supplier outpaces demand ...

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China's woes could reduce demand for Australian iron ore

Mar 15, 2022Morgan Stanley cut its 2022 forecast for economic growth to 5.1 per cent from 5.3 per cent previously. ANZ has warned that the lockdowns could cut 0.8 percentage points from China's gross domestic product growth rate if other provinces on the country's coastline and north-east are also locked down.

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Global Iron Ore Mining Outlook

persisted since iron ore prices hit a decade-low average of USD55.0/tonne in 2015. We forecast global mine output growth to average 3.6% over 2021-2025 compared to -2.3% over the previous five years.

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Iron-ore storms past $100 as China soothes Evergrande concerns

As a consequence, iron ore will come under more pressure, falling to $80 to $90 a ton heading into next year, said UBS Group AG strategist Wayne Gordon. "This is probably the last hurrah in terms...

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