Tag Archives: iron ore prices
Wherever you look, you’ll see crisis after crisis. Economies in Europe and the US are stalling and some are even on the brink of another downturn. Add to that the enormous amount of debt burdening the US and the Eurozone and you can easily see that the next economic meltdown is just around the corner.
SteelOrbis Shanghai explains China’s current monetary policy and the effect on steel prices with Shen Xinfeng, General Manager of Shanghai Huifu Trading Co.,Ltd.
SteelOrbis Shanghai discusses iron ore prices, Chinese economic policies, and their effects on the Chinese and global steel industries with Haiming Qian, Managing Director of Shanghai-based steel and raw material trader Cumic Steel Limited.
It goes without saying that the steel industry needs the scrap industry; without an abundant supply of leftover steel from consumers, manufacturers and demolishers, steel plants would have to rely entirely on iron ore for their raw material. Sure, iron ore is more pure than scrap and can produce higher-quality steel, but it’s costlier to […]