Iron ore futures edged higher on Friday as the market remained cautious amid slowing demand, despite the recent stimulus measures announced by Beijing. The iron ore market continues to face challenges due to high port…
Iron ore futures rebounded on Thursday as the market weighed recent stimulus measures from Beijing, despite ongoing concerns about steel demand. According to an official policy document, China has broadened the scope of…
Dalian iron ore futures fell for the fourth consecutive session on Wednesday, as the latest stimulus measures from Beijing failed to boost market sentiment. According to a Reuters report, an official policy document…
Australia's Fortescue has partnered with a wholly-owned subsidiary of China Baowu Steel Group, the world's largest steelmaker, to tackle the challenges of decarbonizing the global steel industry. Fortescue, the…
Iron ore futures continued their downward trend on Tuesday, weighed down by persistent concerns over demand. The market faced headwinds from higher port-side inventories and weak steel demand. Additionally, the absence…
Iron ore futures fell on Monday, weighed down by weak fundamentals that continued to dampen market sentiment. The declining steel output due to weak demand and higher port-side iron ore inventories have kept the demand…
Iron ore futures fell on Friday as reduced steel production and sluggish steel demand dampened market sentiment. Higher port-side iron ore inventories and persistent challenges in the property sector, a key steel…
India's largest iron ore miner, NMDC Ltd, reported a 5.1pct YoY increase in production for December 2024, reaching 4.71 mln tons, up from 4.48 mln tons in December 2023. However, sales of iron ore declined by 6.7pct…
Iron ore futures gained ground on Thursday in post-New Year holiday trading, buoyed by expectations of steady near-term demand. Chinese steel mills are likely to accelerate restocking their iron ore inventories ahead of…
India's Sandur Manganese & Iron Ores has received approval to increase its annual iron ore production limit. The company will raise its production capacity from 3.81 mln tons per year to 4.36 mln tons per year…
Iron ore futures surged on Tuesday, buoyed by improved market sentiment, yet they recorded a significant yearly decline attributed to ongoing economic challenges and weak market fundamentals. Optimism followed Chinese…
Turkey's iron ore imports reached approximately 8.8 mln tons in the first ten months of 2024, marking a 22pct increase compared to the same period last year, according to the Turkish Statistical Institute (TUIK). Brazil…
Iron ore futures recorded gains on Monday, but the demand outlook remains uncertain due to weakening steel demand. Steel consumption typically slows during the winter months as downstream activities, particularly…
Iron ore futures declined on Friday as a weak demand outlook weighed on market sentiment. Maintenance shutdowns at several blast-furnace-based steel mills are expected to further reduce steel production, dampening iron…
Iron ore futures were almost steady on Thursday, as weak steel demand balanced restocking activity by Chinese steel mills. Seasonal slowing in steel demand during winter dampened market sentiment. High port inventories…
Mesabi Metallics has awarded Metso a contract for beneficiation plant equipment for its Direct-Reduction (DR) grade iron ore plant in Nashwauk, Minnesota. The plant is key to securing the supply of DR-grade pellets in…
Iron ore futures closed unchanged on Wednesday as the market remained cautious about demand prospects during a subdued trading session affected by the Christmas holiday. Earlier this week, iron ore prices found support…
Iron ore futures rose on Tuesday, supported by pre-holiday restocking by Chinese steel mills ahead of the Chinese New Year holiday, which begins on January 28. Further support came from a decline in weekly iron ore…
Iron ore futures climbed on Monday, driven by expectations of firm near-term demand. Market insiders report that Chinese steel mills have begun pre-holiday restocking ahead of the Chinese New Year holiday starting…
Iron ore futures declined on Friday, weighed down by ongoing concerns about demand and market sentiment High port inventories, reduced steel production, and environmental-related curbs on steel production in some…