Mining News of Note Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LoneClone who wrote (27049)	10/8/2008 3:22:28 PM
From: LoneClone	Read Replies (1) of 193918

Brazilian iron ore exports in September up by 28% YoY steelguru.com According to data disclosed by Foreign Trade Secretariat, Brazilian exports of iron ore grew up by 28% YoY in September 2008 over the same month a year ago to 29.23 million tonnes. In the January to September 2008 period, 223.25 million tonnes were shipped, up by 12.14% YoY. The numbers show that Brazilian sales continue heated and show indications that one of the principal destinations of the Brazilian mineral, China, continues firm. China accounts for 39% of Brazilian international iron ore sales and Companhia Vale do Rio Doce is negotiating an 11% price increase for that market, which has provoked protests and threats by the Chinese steelmakers to boycott the Brazilian product. Mr Amilcar Teixeiara Santos a consultant with Metal Data said that "These discussions are part, to a large extent, of the arm wrestling between miners and steelmakers which begins before the launch of formal negotiations to show power and intimidation."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next