Iron ore price increases in 2007
Industry reports are starting to circulate about iron prices increasing yet again in 2007. According to a Reuters report, a key pressure for this will be China's continuing strong economic growth, which according to Vallourec will lift prices of both ferrous scrap and iron ore as key steelmaking raw materials.
The pace of Chinese growth is also exerting upward price pressure on other commodities, including other metals (e.g. Nickel) oil and gas. Vallourec however expects these changes to largely benefit the firm. Vallourec sells a large proportion of its products to the oil and gas industries, and is also planning on construction of a new threading plant for tubing and casing in the eastern Chinese city of Changzhou.
For original article, visit: http://asia.news.yahoo.com/060928/3/2qke0.html.
blogger@steelonthenet.com
The pace of Chinese growth is also exerting upward price pressure on other commodities, including other metals (e.g. Nickel) oil and gas. Vallourec however expects these changes to largely benefit the firm. Vallourec sells a large proportion of its products to the oil and gas industries, and is also planning on construction of a new threading plant for tubing and casing in the eastern Chinese city of Changzhou.
For original article, visit: http://asia.news.yahoo.com/060928/3/2qke0.html.
blogger@steelonthenet.com
posted by sotn @ 6:31 PM permalink
0 Comments:
Post a Comment
<< Home