As a result of the recently announced iron ore settlements between major Asia-Pacific iron ore producers and consumers, as well as the rising price of hot band steel, Cleveland-Cliffs Inc (NYSE: CLF) today updated its 2008 iron ore revenue and cost-per-ton guidance. In addition, the Company provided commentary on expected pricing for its North American [...]

AUSTRALIAN iron ore producers, arguing for a freight premium to be included in this year’s contract prices with reluctant Chinese steelmakers, are expected to shrug off the emergence of a new iron ore exchange market created by Deutsche Bank and Credit Suisse.
The exchange gives smaller Chinese steel producers a chance to hedge their costs in [...]

Ironclad Mining advised that the Company continues to make good progress towards the development of the Wilcherry Hill Crystalline Magnetite Project to export iron ore to China and other East Asian customers. The Company reported more excellent results from resource extension and exploration drilling; South Australian Government moves to establish bulk commodities port for iron [...]