India Iron Ore Exports Perk Up Again After China Buying Slump

NEW DELHI --India's iron ore exports picked up again in December after a slump lasting months, thanks to a renewed interest from Chinese buyers, a top Indian industry official said Wednesday.

"There has been a renewed interest from Chinese buyers in the last 10 days," Rahul Baldota, president of the Federation of Indian Mineral Industries, said.

He said the price of 63 grade iron ore has climbed by about 12% to $58 a metric ton from $52-$53/ton in early December.

Earlier this year, exports were expected to fall to nearly half the level of 104 million tons in 2007-08, but are now estimated to fall only by 25%, he added.

Exports had slumped due to a lack of interest from buyers in China on a slowing demand.

http://news.alibaba.com/article/detail/india/100035612-1-india-iron-ore-exports-perk.html

China's steel association's new data show more factories are putting back to production

I heard 10M Chinese lost their jobs, is this true?


Mobile airpower

"The enemy dies relaxed," observed a Lockheed Martin manager.

And so Australian Mining giants will stimulate our economy again... good news.

Siege of Tobruk - One German POW said: "I cannot understand you Australians. In Poland, France, and Belgium, once the tanks got through the soldiers took it for granted that they were beaten. But you are like demons. The tanks break through and your infantry still keep fighting." Rommel wrote of seeing "a batch of some fifty or sixty Australian prisoners ... marched off close behind usimmensely big and powerful men, who without question represented an elite formation of the British Empire, a fact that was also evident in battle."


"As a Internet discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches one."

its better this happeneds when amerikunts are in crisis of economics recedsion

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I am old Christiankiller
Sorry for offensive to our good religion christian brothers
I am not hating christians

"I heard 10M Chinese lost their jobs, is this true?"

Yes an estimated 10 million jobs are lost in the Southern area. One good thing about Chinese workers(mostly from rural areas) is that they save and they can easily ride out this crisis since living expenses are quite low. 10million is not a small number but not a huge one either considering China's workforce is bigger than the population of USA.