China’s strong demand for coal and iron ore is adding to the upward pressure on freight rates, which have risen …  Macquarie Research said in its latest China Commodities Weekly. “Will this pressure become a wake-up call to Chinese steel mills to …

…  began the year at about $36.25/lb. Today’s weekly price is $72.00/lb, showing a yearly gain of 98%! Compared to the entire …  planned. Japan intends to add 11 more by the year 2010 and China hopes to add 24 to 30 by 2020. Taylor agreed that higher prices in …