IS THE UPTURN IN IRON ORE HERE?

摘要

Bits of news of an upturn in iron and steel industries are surfacing from around the world, suggesting where and how the recovery may take place. Caution is a key word in the discussion. Reports are mixed; some are conflicting. In the U.S., iron mines are calling workers back as operations ramp up. However, some say the ramp-ups only will refill depleted inventories. Meanwhile, increased demand for iron ore in Japan and Europe has motivated North American iron ore producers to restart mines that were shut down due to the recession. The U.S. iron and steel industries are reporting growing numbers of employee call-backs. Accordng to FOX 21 News, nearly a thousand workers at U.S. Steel Corporation's Minntac iron ore operations at Mountain Iron, Minn., are back on the job, after the re-start of a third line during the final weekend in August.