China's iron ore futures remained under pressure on Friday as weak steel mill profitability, expectations of rising global supply and cautious market sentiment weighed on prices. Steelmakers continue to face squeezed…
China's Maanshan Iron & Steel (Masteel) has ordered a 4D EAGLE S laser gauge from KOCKS to improve dimensional control and quality assurance in its rolling operations. The system will monitor rolled bars ranging from 15…
China's iron ore futures came under renewed pressure on Thursday as the market reopened after the week-long National Day holiday, with weak steel demand, rising inventories and poor mill profitability weighing on…
Zhongshou Special Steel's newly commissioned Arvedi ESP endless casting and rolling line in China has surpassed productivity and production ramp-up records for thin-slab casting and rolling plants, according to…
China's iron ore futures edged higher on Wednesday as the country's manufacturing sector returned to growth in September, although weak steel demand and cautious mill procurement continued to limit gains. China's…
China's iron ore futures fell further on Tuesday as weak steel continued to weigh on prices, while pre-holiday restocking provided limited support. Market participants said narrowing steel mill margins and subdued iron…
Maanshan Iron & Steel has awarded Danieli a contract to supply a new continuous caster for installation at its plant in Maanshan, Anhui province, China. The caster will produce high-quality round billets ranging from…
China's iron ore futures fell on Monday as pre-holiday restocking demand weakened, while weak steel demand continued to weigh on the market. Market insiders said pre-holiday restocking has largely run its course…
Shougang Group and Rio Tinto have commissioned an industrial-scale carbon capture trial facility at Shougang's Jingtang operations in China, designed to capture CO2 from blast furnace gas. The facility can process up to…
China's iron ore futures were largely unchanged on Thursday as expectations of tighter Brazilian supply and high freight rates were offset by weakening steel demand and high iron ore inventories at Chinese ports. Market…
China's iron ore futures edged higher on Wednesday as concerns over Brazilian supply provided support, although weakening steel mill profitability and expectations of lower steel output limited the upside. Market…
China's iron ore futures declined on Tuesday as ample supply and rising port inventories weighed on sentiment, although pre-holiday restocking by steel mills and high freight costs continued to provide support. Chinese…
China's iron ore futures traded rangebound on Monday as pre-holiday restocking by steel mills provided support, while high inventories and weak mill profitability limited upward momentum. Analysts said steel mills are…
China Baowu and BHP have renewed their steel decarbonization partnership through a new five-year Memorandum of Understanding (MoU), extending collaboration that began in 2020. The partners will continue working on…
China's iron ore futures moved higher on Friday, but the wider ferrous complex came under pressure as coking coal and coke prices fell sharply following renewed expectations of improved coal supply. Weak steel demand…
Jinan Steel Group has placed two separate orders with SMS group for large-scale travelling grate pelletizing plants at its steelworks in Hebei province, China. One plant, with a capacity of 2.4 mln tons per year, will…
China's iron ore futures moved higher on Thursday, supported by pre-holiday restocking by steel mills, although weak mill profitability continued to limit the upside. Market insiders said mills are booking cargoes ahead…
China's iron ore futures edged higher on Wednesday as improving market sentiment, expectations for steel production cuts and possible policy support offset continued concerns over weak steel demand and mill…
China's iron ore futures edged lower on Tuesday as weak steel demand, poor mill profitability and continued concerns over production cuts kept market sentiment under pressure. Market insiders said negative sentiment…
China's iron ore futures fell on Monday, extending their recent decline, as weak steel mill margins and subdued steel demand continued to weigh on the market. Market participants said worsening profitability is…