Steel News

Outlook for iron ore said strong despite current downturn

The global iron ore market is strong and prices are expected to rise over the next few years, the Euroforum iron ore conference in Berlin was told yesterday.

”Market fundamentals are very strong. I am convinced iron ore price rises will continue for a few more years, and when they do[…]

Posco Dispels Steel Worries

By Song Jung-a Posco, Asia’s biggest steelmaker by market value, yesterday gave an upbeat earnings guidance, dispelling investors’ concerns about slowing steel demand and higher raw material costs. The South Korean steelmaker said it expected third-quarter earnings to be better than expected and full-year profit to exceed its target, helped[…]

CEO says Vale to stick to China price demands-report

BRASILIA, Sept 24 (Reuters) – Brazil’s mining giant Vale will stick to demands for higher prices for the iron ore it exports to China, its CEO Roger Agnelli told local media, adding many firms already had accepted the price rise. An executive at the China Iron and Steel Association last[…]

Welcome to “Steel Thoughts”

Welcome to our first blog entry. We have set up this web site provide information that may be helpful to our customers, prospects and others interested in the industry. As time permits we will add various standards and specifications in our reference section. As a trainee in the wire business[…]