New Delhi: Global miner BHP Billiton Ltd posted record iron ore output for fiscal 2018 on Wednesday as fourth-quarter production topped expectations and set a slightly higher target for the current year. Shares in the miner jumped more than 3 percent after both quarterly and full-year production rose 3 percent on improved productivity.
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Year over year, the value of iron ore imports advanced by 34.4% from 2016 to 2017. From a continental perspective, Asian countries consumed the highest dollar worth of iron ore imported from foreign markets with purchases valued
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SHANGHAI, Jan 25 (Reuters) Chinese steelmakers have succeeded in a push to include domestic iron ore price indices in some 2018 annual supply contracts with global miners, four industry sources said, as the world's top buyer boosts its clout over pricing of major commodities.
International sales of iron ore exports by country amounted to US$94.9 billion in 2017, down by a third (-33.6%) from 2013 when iron ore shipments were valued at $143 billion.
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