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860 news items in Iron ore. Show all
Dalian iron ore futures posted gains on Monday, recovering from earlier losses as expectations of improved steel demand supported the market, although long-term demand concerns persist. Analysts noted that better…
Australian iron ore miner Rio Tinto and Chinese mining equipment giant XCMG have signed a global cooperation framework agreement in Conakry, Guinea's capital. Simultaneously, XCMG and SimFer Company, a joint venture…
Iron ore futures fell for a fifth consecutive session on Friday as a bearish demand outlook continued to weigh on market sentiment. Iron ore futures also dropped 6pct compared to the previous Friday's morning session…
Tosyali's subsidiary in Angola, Tosyali Iron & Steel Angola SA (TISA), is set to establish a new integrated steel facility in collaboration with Angola's state oil company, Sonangol. The facility will be located at the…
Iron ore futures extended their losses on Thursday, driven by weak steel production data and concerns about demand. China's crude steel output fell by 9pct YoY to 82.9 mln tons in July and dropped 9.5pct compared to the…
Iron ore and steel futures fell sharply on Wednesday, driven by disappointing credit data that heightened concerns about demand. China's bank lending dropped to its lowest level in nearly 15 years, affected by weak…
China's steel industry is facing a crisis more severe than the downturns of 2008 and 2015, according to Hu Wangming, Chairman of China Baowu Steel Group, as reported by Bloomberg. Hu characterized the current conditions…
Iron ore futures remained steady on Tuesday, with the key steelmaking material continuing to face pressure due to weak demand. Many Chinese steel mills are experiencing losses and reducing output through maintenance as…
Iron ore futures declined on Monday as persistent weak fundamentals continued to weigh on market sentiment. The majority of Chinese steel mills are cutting production to mitigate losses due to weak downstream steel…
Iron ore futures recovered on Friday, helped by improved economic data, though concerns about weak demand persist. China's consumer price index (CPI) rose by 0.5pct YoY in July, according to the National Bureau of…
Vale S.A. has reached a definitive agreement with the private equity investment firm, Apollo, under which Apollo-managed affiliates, funds, and long-term investors will invest USD 600 mln to acquire a 50pct interest in…
Iron ore futures fell on Thursday, pressured by weak steel demand and market sentiment. Persistent sluggishness in downstream steel demand has led steel producers to cut output, reducing iron ore demand. Additionally, a…
Iron ore futures extended their losses on Wednesday due to a dim demand outlook driven by weak steel demand. Analysts expect that reduced steel profitability may lead mills to cut operations and limit production. Rising…
China's steel exports rose by 7.5pct YoY in July 2024 to 7.83 mln tons, though this marked a decrease from May's 8.75 mln tons and represents the second consecutive month-on-month decline. From January to July 2024…
Tata Steel Nederland has selected Primetals Technologies to provide a pellet pot testing facility for its pilot plant in IJmuiden, the Netherlands. Primetals will design, supply, and implement the equipment, including a…
Iron ore futures fell on Tuesday as market sentiment was dampened by lower production figures and persistently weak steel demand. Daily crude steel output among China Iron and Steel Association (CISA) member mills…
Iron ore futures gained on Monday, supported by expectations of stimulus measures from Beijing and an improved outlook for steel demand. China's services sector saw accelerated growth in July, driven by new orders…
Minister of Industry and Mineral Resources Bandar Al-Khorayef, accompanied by Deputy Minister Eng. Khaled Al-Mudaifer and other industry leaders, visited Vale's Carajas mines in Brazil's Amazon. The visit included an…
Iron ore futures gained on Friday amid hopes for additional stimulus measures from Beijing, though concerns about demand remained. The market anticipates new stimulus following weak Chinese manufacturing data released…
Indian state-owned iron ore miner NMDC reported an 11pct YoY decline in production, totaling 2.17 mln tons in July. In the same month last year, the company produced 2.44 mln tons, according to a BSE filing. However…
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