Author Archives: admin

Is the iron ore boom really different this time?

They paper over all manner of blemishes in the Australian economy and help recession-proof the “lucky country” further over the horizon. On Treasury figures, a $US10 rise above the (currently) conservative estimate of $US55/tonne, nominal GDP could be boosted by around $25 billion this year and the already stronger budget position will have $4 or…

Steel tycoon banks on exports as demand plunges in India

India’s most valuable steel producer is looking outward as the slowest economic expansion in six years cuts demand in the South Asian country and puts pressure on margins. JSW SteelNSE 1.87 % Ltd. expects to exceed its export target of 2.2 million to 2.4 million tons for the fiscal year “after having seen the slowdown…