Dalian iron ore futures extended their decline on Thursday, falling for the fifth consecutive session, as the outlook for iron ore demand remains weak despite a modest recovery in steel demand. The improvement in steel…
Brazilian iron ore miner Vale and Midrex Technologies, Inc. have signed a Technical Cooperation Agreement to advance the use of iron ore briquettes in direct reduction plants, aiming to support steelmaking…
Iron ore futures extended their losses for a fourth consecutive session on Wednesday, as market sentiment remained pessimistic. The bearish outlook was driven by higher port-side iron ore inventories and weak steel mill…
Hydnum Steel, Spain's first green steel plant, has signed a Memorandum of Understanding (MoU) with Euroports, a leading European port and logistics operator, to develop integrated logistics solutions for optimizing the…
Iron ore futures tumbled on Tuesday, pressured by a bearish demand outlook driven by a contraction in manufacturing. The official manufacturing PMI fell to a six-month low of 49.1, according to the National Bureau of…
Indian state-owned iron ore miner NMDC reported a nearly 10pct YoY decline in production, reaching 3.07 mln tons in August compared to 3.41 mln tons in August of the previous year, according to a BSE filing. Sales also…
Iron ore futures plunged on Monday, weighed down by weak official PMI data. The manufacturing PMI dropped to a six-month low of 49.1, according to the National Bureau of Statistics, intensifying pressure on Beijing to…
Sandur Manganese & Iron Ores has received Environmental Clearance (EC) from the Ministry of Environment, Forest, and Climate Change (MoEFCC) for its Ramghad Manganese & Iron Ore Mines. The clearance permits iron ore…
Iron ore futures declined on Friday as market remained cautious due to ongoing demand concerns. Iron ore inventories at major Chinese ports rose on a weekly basis, while weak profitability at steel mills kept the…
Iron ore futures rose on Thursday, driven by expectations of improving demand in the near future, though concerns about long-term demand persist. The reduction in finished steel inventory at major Chinese warehouses…
Iron ore futures ended flat on Wednesday after an initial pullback, as the market remained cautious about demand outlook. Expectations of improved demand during the peak consumption season encouraged steel mills to…
China's steel industry slowdown is deepening, with BHP Group Ltd., the world's largest miner, and China Baowu Group Ltd., the top iron ore buyer, raising concerns as demand wanes after decades of growth, Bloomberg…
Iron ore futures continued to rise on Tuesday, driven by restocking demand and optimism over near-term steel demand. Expectations of improved steel consumption have prompted steelmakers to replenish iron ore stocks…
Iron ore futures surged on Monday, buoyed by optimism that steel demand may increase in the near future. Market sentiment improved as traders anticipated that recent property-support measures and better weather…
The enforcement of a new mining cess, or tax, by some states, following a Supreme Court ruling, may exacerbate cost pressures for the domestic steel industry, according to rating agency ICRA. On August 14, the Supreme…
Iron ore futures fell on Friday as weak fundamentals weighed on market sentiment. Chinese steel mills faced pressure from weak margins, leading to output cuts that further darkened the demand outlook for iron ore…
Iron ore futures continued their upward trend on Thursday, driven by recent property-supportive measures, though long-term demand concerns remain. The National Financial Regulatory Administration (NFRA) reported that…
Iron ore futures surged on Wednesday, driven by positive market sentiment following several supportive property-related measures. According to the National Financial Regulatory Administration (NFRA), China's commercial…
Dalian iron ore futures extended gains on Tuesday, driven by hopes for improving steel demand, though concerns about long-term demand remain. Analysts noted a decline in steel inventories at major Chinese warehouses…
Fortescue has commenced work on its Green Metal Project in the Pilbara region of Western Australia, advancing its goal to create a green metal supply chain, the iron ore miner said in a press release. Located at the…