Feedback

After SBB World Steel Raw Materials 2010 Conference - we are very interested in knowing your thoughts to make next year's event even better.

Please click here to take the 5 minute survey. After you have completed the survey you will be directed to the conference presentations download page.

"The speakers from HSBC (Mark Berrisford-Smith), ArcelorMittal (Davinder Chugh) and Hatch (Rod Beddow) gave fascinating presentations that were thought provoking. Their contributions went much further than the usual statistical monotony of most conferences." Jan van Veelen Marketing Consultant Iron Ore, Baffinland Iron Mines Corp.

"Excellent, relevant presentations by high caliber speakers, and plenty of networking opportunities." Gilles Calis, Consultant, SteelConsult Intl

ArcelorMittal Sees Iron Prices Falling as Supply Comes on Stream
By Thomas Biesheuvel, Bloomberg - Oct 1, 2010 10:37 AM

ArcelorMittal, the world’s largest steelmaker, said it expects the price of iron ore to decline as more supply comes on stream.
The company expects iron ore to cost between $60 and $140 a metric ton by 2014, said Davinder Chugh, a member of Arcelormittal’s group management board, at a Steel Business Briefing conference in London today.
ArcelorMittal isn’t relying on forward contracts and is looking to share price volatility with customers, he said.
Read more...

BHP Billiton Says It Expects a Shift to Iron Ore Pricing on Monthly Basis
By Jesse Riseborough and Juan Pablo Spinetto, Bloomberg - Sep 30, 2010 4:14 PM

BHP Billiton Ltd., the world’s biggest mining company, said it expects a shift toward monthly pricing agreements for iron ore which better reflect the market and the needs of producers and consumers.
“We expect there will be continued progress toward shorter term monthly pricing,” Mike Henry, president of marketing at the Melbourne-based company, said today at a Steel Business Briefing conference in London. Shorter term pricing “will ultimately be the truest reflection of underlying supply and demand fundamentals,” he said. Iron ore is used to make steel.
Read the full story

India Minerals Group ‘Hopeful’ State to Overturn Ore Export Ban
By Jesse Riseborough, Business Week, Bloomberg - September 30, 2010, 9:52 AM

The Federation of Indian Mineral Industries, a minerals industry group in New Delhi, is “hopeful” the state of Karnataka will overturn a ban on iron ore exports next month. The southern state, the country’s second-largest producing region, banned exports as of July 26. A lifting of the ban may benefit Sesa Goa Ltd. and NMDC Ltd., the country’s biggest producers. India is the world’s third largest exporter of iron ore used to make steel.
“We from the industry side feel this is not tenable,” R.K. Sharma, secretary general of the federation, said today in an interview at a Steel Business Briefing conference in London. “It’s a decision which is beyond the purview of the state government. I’m very hopeful because we are against the ban. I think it should be out next month.”
Read the full story

Steel, iron ore still depend on China: analysts
By Devon Maylie, Market Watch - Sept. 30, 2010, 8:10 p.m.

Emerging market demand for steel and iron ore will be the main drivers in the coming years with China the most important, analysts said Thursday.
For iron ore "global demand growth is important but it's really down to China," said Macquarie analyst Jim Lennon speaking at a Steel Business Briefing conference.
Lennon forecasts China's demand for iron ore to reaccelerate in 2011 with the price between $150 a metric ton and $200/ton in the next two years.
"Without China we're in trouble--the world steel production ex-China is still languishing," said analyst Paul Gray from Goldman Sachs and Partners Australia Pty Ltd.
Read the full story

Anglo American: To Double Iron Ore Output "Very Soon"
By Alex MacDonald, Dow Jones Newswires - Thursday, 30 September 2010, 18:06

Globally diversified miner Anglo American PLC (AAL.LN) will double iron ore output "very soon," the company said Thursday.
The company plans to produce 80 million metric tons a year compared with 2009 output of about 40 million tons and is targeting 150 million tons in the longer term, Pablo de la Quintana, director of new business and strategies development at Anglo American, said in a Steel Business Briefing conference.
Read the full story

BHP: Global Steel Output To Rise To 2.4 Billion Tons By 2025
By Devon Maylie, Dow Jones Newswires - Thursday, 30 September 2010, 12:25

Global steel output will rise to 2.4 billion metric tons by 2025 and just over half of world output will be from China and India, BHP Billiton said Thursday.
Continued urbanization in emerging economies will drive that growth, president of marketing for BHP Mike Henry said speaking at a Steel Business Briefing conference.
Read the full story