IRON ORE FALLS TO US$ 43.40 OVERNIGHT

Iron ore fell to $43.40 overnight (from Tuesday to Wednesday).

This is the lowest level of price in 10 years.

The product 

was trading around $71 this time last year according to data from Thomson Reuters.

Iron ore peaked at $191 in February 2011, which prompted a huge lift in suppliers as major miners expanded their mines and new players entered into production.

VENDA DE AÇOS PLANOS DESPENCA 25% EM OUTUBRO

As vendas de aços planos por distribuidores do Brasil em outubro caíram 24,6 por cento na comparação anual, a 247,1 mil toneladas, informou nesta terça-feira a associação que representa o setor, Inda.

Na comparação com setembro, no entanto, as vendas subiram 13,1 por cento. No acumulado do ano, o recuo é de 22,6 por cento, a 2,84 milhões de toneladas.

Os estoques caíram 2 por cento em relação ao mês anterior, correspondente a 3,4 meses de vendas. Em relação a outubro de 2014, os estoques diminuíram 9,3 por cento.

CHINA SAYS THAT STEELMAKERS SHOULD GET USED TO IRON ORE AT US$ 40

Rio Tinto, Vale, BHP Billiton and Fortescue Metals Group should get used to the price of iron ore trading in a narrow $US40 a tonne range due to declining demand for steel, according to an official Chinese forecaster.

The price of iron ore, a key ingredient used to make steel, has slumped to just $US44.75 ($62.08) a tonne this week in the Chinese port of Qingdao, nearing a decade low of $US44.59 reached on July 8 this year. It has now fallen by 37 per cent so far this year and is on track to post a sixth-straight weekly loss.

EM TIANJIN, CAI A US$ 43,40 E CHEGA A NÍVEL RECORDE DE BAIXA

O preço do minério de ferro negociado em Tianjin (China) caiu para US$ 43,40 por tonelada nesta terça-feira, segundo The Steel Index.

Esse nível é o mais baixo da cotação do produto desde 2008.

Também o minério de ferro negociado em Qingdao caiu para nível recorde de baixa nesta terça-feira.

IN TIANJIN, IRON ORE FALLS TO US$ 43.4

The price of iron ore for China delivery hit $43.4 a tonne, according to the Steel Index. That's a record low in its data going back to 2008, when iron ore started to move towards a spot market for negotiations in Tianjin, China.

The drop comes after steel prices in China have hit record lows in recent days amid slowing demand.

JUDGE DISMISSES RIO TINTO'S LAWSUIT AGAINST VALE

A U.S. judge on Friday dismissed Rio Tinto's lawsuit accusing rival Vale and others of conspiring to misappropriate its mining rights in the Simandou region in Guinea.

Simandou has some of the world's most valuable iron ore deposits. Rio Tinto had said in its April 2014 lawsuit that Vale had conspired with Israeli billionaire Beny Steinmetz and BSG Resources.

But U.S. District Judge Richard Berman in Manhattan said on Friday that Rio Tinto had waited too long to file the lawsuit after losing the mining rights in December 2008.

Under the Racketeer Influence and Corrupt Organizations Act, a U.S. anti-conspiracy law, the Anglo-Australian company would have had to sue within four years, the judge said.

"Judge Berman's decision was focused on a narrow point of law and he did not rule on the evidence Rio Tinto has been gathering in the case," Rio Tinto said in a statement. "Rio Tinto is free to both appeal Judge Berman's decision and pursue its claims in other forums, and is actively looking at all options."

PROCESSO DA RIO TINTO CONTRA A VALE É INDEFERIDO

O processo da Rio Tinto contra Vale, BSG Resources e outras pessoas e empresas, envolvendo o depósito de minério de ferro Simandou, na Guiné, foi indeferido pela Justiça na última sexta-feira (20). 

No entanto, o articulista do Australian Financial Review, Matthew Stevens, disse que a Vale venceu o primeiro round e que o caso ainda terá “muitas continuações”.