This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Argus Introduces Global Iron Ore Price Assessments

LONDON, May 13, 2013 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched coverage of the global iron ore market with a new daily report, Argus Steel Feedstocks, focused on the all-important Chinese market. The launch reflects growing interest in spot iron ore assessments and the market's need for transparent and accurate price markers.

The new Chinese price assessments cover cargoes for delivery to the port of Qingdao, northern China, and are accompanied by a daily iron ore market commentary. The three new assessments will cover 58% Fe, 62% Fe and 65% Fe iron ore fines, cfr Qingdao. The iron ore market coverage in Argus Steel Feedstocks will complement Argus' existing coking coal spot price assessments, market commentary and global netback pricing.

Iron ore is a key industrial commodity that until recently was overshadowed by its downstream product, steel. But, in recent years, there has been a shift towards shorter term contracts and spot trading, which has driven interest in robust independent price reporting. Seaborne iron ore volumes exceeded 1bn t in 2012 and demand for iron ore looks likely to continue to increase over the medium term, both in China and in the emerging economies of southeast and south Asia.

"This is Argus' first step into assessing prices in the metals sector. The launch demonstrates Argus' commitment to introducing our independent and transparent assessment of prices into markets that would benefit from our experience and expertise," Argus Media chairman and chief executive Adrian Binks said. "Shifting international trade patterns and increasing production of sub-60% Fe grades in Australia are changing the profile of the most traded products in the spot market. The introduction of these new price assessments in the Argus Steel Feedstocks report offers an impartial view of the global iron ore market."

Argus Steel Feedstocks provides spot price assessments, market news and analysis. The report has been carefully designed to provide global iron ore and steel market participants with the critical insights, key statistics and data needed to stay ahead of market developments, as well as to help shape commercial strategies.

Media contacts:

London Seana Lanigan+44 20 7780 4272 seana.lanigan@argusmedia.com

Houston Gabriela Alcocer+1 713 429 6308 gabriela.alcocer@argusmedia.com

Singapore Jim Nicholson+65 6496 9960 singcom@argusmedia.com

About Argus MediaArgus is an independent media organisation with nearly 500 full-time staff. It is headquartered in London and has offices in each of the world's principal energy centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.

More than half of Argus' staff are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and an Ethics Policy that align with best journalistic practice, including the avoidance of conflicts of interest.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.9670 -34.4910 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs