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Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.

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863 news items in Iron ore. Show all

Iron ore futures extend losses on demand concerns

China China

Iron ore futures continue to slide as the government's move to limit steel output raises demand concerns. According to reports, major steel mills have been directed to restrict their output, curbing any potential…

Iron ore futures dip on uncertain demand outlook

China China

China's iron ore futures recorded a decline on Thursday due to concerns over demand. This was primarily triggered by environmental output restrictions and reports indicating that major steel mills were instructed to…

Iron ore futures extend gains on stimulus hopes

China China

China's iron ore futures continued their upward trajectory on Wednesday, driven by expectations of economic stimulus measures from the Chinese government. In response to signs of a cyclical slowdown, the ruling…

Iron ore futures rise on stimulus hopes

China China

Iron ore futures posted gains on Thursday amid expectations of further stimulus measures by the Chinese government to bolster the struggling economy. Deputy head of the state economic planner, Li Chunlin, announced that…

BHP posts record iron ore output in FY23 YoY

Australia Australia

BHP Group reported its highest-ever annual iron ore production in FY23, despite challenges posed by Tropical Cyclone Ilsa. The success can be attributed to the strong performance of its South Flank operations in Western…

Coking coal futures surge on supply concerns

China China

Dalian coking coal futures increased sharply on Wednesday following the disclosure of fatal accidents at coal mines in Shanxi and Liaoning provinces. These incidents have sparked concerns over the potential impact on…

Iron ore futures drop as China's economic growth falters

Iron ore futures experienced a decline on Monday due to disappointing Chinese economic data, which dampened market sentiments. According to the National Bureau of Statistics (NBS), China's gross domestic product (GDP)…

Iron ore imports grew 7.4 pct in June 2023 YoY

China China

China’s imports of iron ore climbed by 7.4pct in June from a year before, customs data showed, thanks to solid demand from domestic steelmakers. The world’s largest iron ore consumer brought in 95.52 mln tons of the…

Iron ore futures surge on stimulus hopes

China China

Iron ore and steel futures experienced gains on Wednesday, buoyed by positive market sentiments driven by expectations of additional stimulus measures and robust loan data. The China Securities Journal, a state-backed…

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