Iron ore sags as China property woes eclipse rebound in steel profits
1 week ago
Dalian and Singapore iron ore futures fell on Wednesday as a crisis engulfing property developers in China, the world's top steel producer, outweighed improving margins at mills.
Read more at Nasdaq
Related News
Iron ore rebounds as falling China steel inventory lends support Iron ore - Commodity - Demand.
Iron ore futures rose on Friday, with the Dalian benchmark contract rebounding from a seven-month low, as falling steel inventories in China spurred hopes for some replenishment-driven demand.
Read more at Nasdaq
Iron ore rally loses drive Iron ore - Steel - China.
Dalian anad Singapore iron ore futures swung between losses and gains after touching four-week peaks in the previous session, as prospects of further steel production cuts in China kept traders cautious. Rebounding steel margins in China, ...
Read more at Malaya
Iron ore dips on clouded China demand outlook Iron ore - Demand - Australia - China Steel Corporation.
Dalian and Singapore iron ore futures dropped on Thursday, as investors shifted their focus back to gloomy China demand outlook after a short-lived boost from the latest government rhetoric on economic stimulus. The most-traded iron ore, for September ...
Read more at Hellenic Shipping News Worldwide
China July iron ore imports gain on-year as steelmakers' margins improve Iron ore - China - Steel - Import.
China's imports of iron ore in July rose 3.1% from a year earlier, customs data showed on Sunday, as steelmakers' margins improve despite concerns over demand.
Read more at Nasdaq
Iron ore price falls as property crisis threatens to drag down steel industry Iron ore - Steel - China.
Almost a third of China's steel mills could go into bankruptcy in a squeeze that's likely to last five years, said the chairman of Hebei Jingye Steel Group.
Read more at MINING.com
China's iron ore imports down 3.4 percent in January-July Iron ore - China - Steel - Import.
In July alone, China imported 91.244 million mt of iron ore, down 3.1 percent year on year, while up 2.6 percent month on month.
Read more at SteelOrbis
News in hot Category
RuPaul's Secret Celebrity Drag Race Unmasks First Queen in Premiere RuPaul's Drag Race - RuPaul - VH1.
Nine mystery stars took to the stage on Friday to compete in the premiere of RuPaul's Secret Celebrity Drag Race Season 2.
Read more at TVLine
Shopee, DTI partner for the 3rd ASEAN online sale Online shopping - Association of Southeast Asian Nations - E-commerce - Partnership.
E-commerce platform Shopee launched the third ASEAN Online Sale Day in partnership with the Department of Trade and Industry (DTI) and the Bureau of International Trade Relations (BITR). The annual sale, held on Aug. 8-10, celebrated the 55th founding ...
Read more at Backend News
Climbing down Inflation - Federal Reserve System - Consumer price index.
India's retail inflation print for July came in at 6.7 per cent. While this is considerably higher than the Reserve Bank of India's target inflation rate of 4 per cent and even outside its comfort zone (2 per cent to 6 per cent), the July number brings ...
Read more at The Indian Express
Cambodia exports rubber worth almost 255 mln USD in 7 months of 2022 Export - Cambodia - 2022.
International, MNA | Cambodia exported 161562 tons of dry rubber in the first seven months of 2022, a slight drop of 0.3 percent year-on-year, said a General Directorate of Rubber report on Friday.
Read more at Macau Business
'Hopeless': Chinese homebuyers run out of patience with developers China - Real Estate.
He is among numerous homebuyers across dozens of cities in China who have boycotted payments over fears that their properties will not be completed by cash-strapped, debt-laden developers. NEWLY married ...
Read more at The Star Online
Czech firefighters put out huge forest fire after 20 days Czechia - Prague - World.
“The fire… has been extinguished,” Minister Vit Rakusan said in a tweet on Friday. Around 6,000 professional and voluntary firefighters were deployed to battle the fire, which forced hundreds to evacuate.
Read more at Manila Bulletin
N.Korea lifts mask mandate, distancing rules after declaring COVID victory North Korea - Kim Jong-un - Vlog - South Korea.
North Korea has dropped a face mask mandate and other social distancing rules as leader Kim Jong Un declared victory over COVID-19 this week, state media said on Saturday, three months after its first acknowledgement of the virus outbreak in the ...
Read more at Reuters