Blount International Inc
Latest Blount International Inc News and Updates
Analyzing How the Demerger Will Benefit BHP and South32
BHP Billiton (BHP) chose the demerger approach after considering many alternatives to simplify its portfolio. It plans to focus on its core operations.
Record Port Hedland Iron Ore Exports: Good for Dry Bulk Shipping
Iron ore exports from Port Hedland totaled 38.4 million tons in June. In May, exports totaled 38 million tons. So that’s a jump of 14.3% year-over-year and 1.1% month-over-month.
China’s Iron Ore Port Inventories Lowest since November 2013
In the week ending June 12, iron ore port inventories were 85.4 million tons. This is a decline of 2.1% week-over-week. The inventory level is the lowest since November 2013.
Chinese Steel Prices at 12-Year Low: A Heavy Weight for Iron Ore
On June 16, Chinese steel prices fell to a new 12-year low of 2,337 yuan per metric ton. Weak fundamentals in steel prices translate to weak fundamentals for iron ore prices.
Weak Japanese Iron Ore Imports Are Negative for Iron Ore
Japan accounts for 10%–13% of the seaborne market. So Japan’s iron ore imports are a good indicator of iron ore demand. Japanese iron ore imports totaled 11.1 million tons in April compared to 11.6 million tons in March.
Iron Ore Prices Stage a Comeback in Mid-June: Will It Last?
Iron ore prices have staged a huge comeback, trading at $65 per ton on June 16. In early April, prices fell to a decade low of $47.08. This is a huge 38% correction. But prices are still quite low compared to 2014.
Will Increased Industrial Output from China Help Iron Ore Prices?
Industrial output measures the output of businesses involved in the industrial sector of the economy, including manufacturing, mining, and utilities.
Assessing Key Variables That Affect Iron Ore Prices
Iron ore prices rallied close to 30% in May to reach a peak of $63 per ton on May 13. However, after that, they started a downward march once again.
China’s Iron Ore Futures Hit Upward Limit
Benchmark iron ore futures for September settlement on the Dalian Commodity Exchange closed up by 4% at 417.5 yuan (close to $67).
China’s Iron Ore Imports Rebounded Strongly in March
In March, China’s iron ore imports came in at 80.5 million tons against February’s 67.9 million tons. This was an increase of 19.0% month-over-month.
Iron Ore Prices Make a Strong Comeback in April
Iron ore prices reached historic lows, so this current rebound might just be a correction rather than a sustained uptrend.
Is Cheaper Australian Iron Ore Displacing Chinese Production?
Iron ore exports from Port Hedland totaled 36.6 million tons in March 2015, an increase of 2.2 million tons or 6.3% from March 2014 levels.
Iron Ore Prices Fall Below $50 Per Ton
The iron ore price slide has been particularly pronounced in the last few weeks, as Chinese demand didn’t pick up as expected after the New Year holiday.