“We believe India could easily double its iron ore reserves.”
“We have seen a substantial increase in the cost of our raw materials, especially coking coal, iron ore pellets and scrap.”
“The report was always going to be a disappointment because iron ore accounts for 40-50% of earnings.”
“Spot prices for iron ore are certainly above the delivered price for Australian iron ore into China.”
“In many cases our operations are producing record volumes, with production records set in iron ore, molybdenum, coking coal, bauxite, alumina and upgraded titanium slag in 2005.”
“The market appears to have reacted negatively to the speculation that has emerged out of China regarding the iron ore price.”
“If prices rise as a result of the iron ore negotiations, that may stop steel producer prices from dropping further due to higher costs.”
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