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United States Steel (X) Stock Hits One-Year Low Today After Citigroup Cuts Iron Ore Forecasts
2015-01-14 23:55:37| Steel - Topix.net
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AK Steel (AKS) Stock Hits One-Year Low Today After Citigroup Cuts Iron Ore Forecasts
2015-01-14 23:55:36| Steel - Topix.net
The firm trimmed its outlook as cheaper oil and declines in producers' currencies both bring down supply costs, which signals that the energy rout is feeding through to other commodities, Bloomberg reported. Citigroup predicts iron ore would average $58 per metric ton in 2015 and $62 per metric ton in 2016, down from previous estimates of $65 for both years.
Record Chinese Iron Ore Imports May be a Boon to Australian Juniors
2015-01-14 06:42:16| Paper - Topix.net
China's iron ore imports touched a record high in December as winter mine shutdowns increased demand for the construction material. The record came despite a slowdown in China's growth.
AK Steel (AKS) Stock Falls Today as Iron Ore Prices Decline
2015-01-13 21:48:09| Steel - Topix.net
Ore with 62 percent content delivered to Qingdao, China, fell off 2.2% to $68.74 per dry ton today, according to Bloomberg . Chinese iron ore imports hit an all-time high last month as the falling prices increased demand for overseas supplies.
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United States Steel (X) Stock Declines Today as Chinese Rebar, Iron Ore Futures Fall
2015-01-12 19:35:42| Steel - Topix.net
The slowing demand for iron ore further weighed down the raw material used to make steel. Iron ore has been suffering from a growing supply in recent weeks.
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