Archive for February, 2010
Brazil May Tax Ore Exports, Seek More Steel Plants
Brazil, the world’s second-biggest iron-ore exporter, may start taxing shipments of the steelmaking raw material as it seeks to lure investment in domestic steel plants, Energy and Mining Minister Edison Lobao said. Brazilian President Luiz Inacio Lula da Silva has been pushing Vale SA, the world’s biggest iron-ore miner, to step up investments in steelmaking [...]
2nd and 10
On the eve of the Superbowl, it’s hard not to use a football analogy. It’s early in the new year, 1st quarter, and there are high hopes for an economic recovery, and to go along with that, a recovery in steel demand. The last three months had scrap prices and iron ore prices rising, causing [...]
