Page 56 - Simandou News Today

China’s steel industry is blaming the concentrated ownership of Australia’s iron ore mines for the soaring ore price and is calling for Chinese government intervention. ‘We believe that the supply side is highly concentrated and the market mechanism is not working, so we call for the authorities to play a bigger role in the event of market failure,’ Luo Tiejun, vice president of the China Iron and Steel Association, told an industry conference last week. The reality is that the market i...

Iron ore makes up 39 per cent of Australia's exports but China is introducing new rules so it is less reliant on the commodity used to make steel. Record prices and volumes may not last.

China wants manufacturers to use recycled steel instead of Australian iron ore Steel commodity iron ore in March made up 39 per cent of Australias exports A record $14billion worth of iron ore was exported last month - up 21.7 per cent  Commonwealth Bank commodities expert Vivek Dhar is worried for Australia UNSWs Professor Veena Sahajwalla invented recycled steel technology 

SOURCE / ECONOMY By Yin Yeping Published: Apr 27, 2021 09:28 PM Cranes load iron ore at a port in Nantong, East Chinas Jiangsu Province. File photo: VCG The Chinese government is paying close attention to soaring iron ore prices and is studying measures to expand supplies to curb prices, a Chinese steel industry insider said on Tuesday, in a move that could affect Australias massive iron ore exports. "We believe that the supply side is highly concentrated and the market mechanism is not work...

Barbara Levi, designated UBS legal chief Tuesday, 27 April 2021 15:20 UBS New Legal Chief is No Stranger to High Stakes The Swiss banks incoming chief lawyer is no stranger to high-stakes cases. Barbara Levi isnt a big fan of multi-tasking. «I now realize that it is such as a waste of time, you end up in doing many things, without adding value to any,» she told a legal outlet last autumn. The Italian-born lawyer prefers to allot her time issue-for-issue. In November, she takes a job overse...

Ghost from the past: Kevin Rudd is making a big mistake reviving an old tax debate We’re sorry, this service is currently unavailable. Please try again later. Dismiss April 26, 2021 — 11.59am Normal text size Advertisement With the iron ore price nudging $US180 a tonne it isn’t surprising that there has been a renewed call for a super profits tax on the iron ore miners. Last week former prime minister Kevin Rudd argued for a “super profits levy” on iron ore miners, accusing them of gr...

Ghost from the past: Kevin Rudd is making a big mistake reviving an old tax debate We’re sorry, this service is currently unavailable. Please try again later. Dismiss April 26, 2021 — 9.59am Normal text size Advertisement With the iron ore price nudging $US180 a tonne it isn’t surprising that there has been a renewed call for a super profits tax on the iron ore miners. Last week former prime minister Kevin Rudd argued for a “super profits levy” on iron ore miners, accusing them of gre...

Home / Shipping News / Dry Bulk Market / Finally some backed optimism in the dry bulk sphere: Capes benefiting from China’s hunger for iron ore Finally some backed optimism in the dry bulk sphere: Capes benefiting from China’s hunger for iron ore Strong Chinese steel output has been a fact: China produced 94.02 million tonnes of crude steel in March (up 19% from a year earlier) and, therefore, demand for the raw steelmaking ingredient of iron ore has also been supported. The infrastructure-...

Australia turns down Chinas overtures to deepen bilateral ties ANI | Updated: Apr 25, 2021 12:09 IST Sydney [Australia], April 25 (ANI): The ties between two countries have further strained as Australia cancelled agreements to participate in Chinas Belt and Road Initiative, terming it as "inconsistent with countrys foreign policy." Foreign Minister Marise Payne earlier on Saturday announced Canberra was cancelling two agreements by Victoria, the countrys s...

10:44 AM China is spending US$40bn a year in Africa. Longer term consequences can include Australias exports of iron ore -China has been working hard on strengthening ties with African nations, resource-rich or otherwise -China’s dispatch of PPE and vaccines to friendly nations in Africa has been a smart exercise in diplomacy -All eyes on Guineas Simandou deposit when it comes to Australias position of global iron ore exporter By Ed Kennedy The Economist held a webinar ‘Africa-China Relati...