Iron ore futures surged on Thursday, supported by reports that Chinese authorities plan to cut steel production to reduce excess supply. Beijing aims to curb crude steel output between 2025 and 2026 amid persistent…
China's Baoshan Iron & Steel (Baosteel) posted a 7.4pct YoY rise in net profit to 4.88 bln yuan (USD 682 mln) in the first half of 2025, despite a 7.3pct drop in operating income to 151.37 bln yuan (USD 21 bln)…
Iron ore futures extended losses on Wednesday as the market grappled with oversupply worries and weakening steel demand in China. Blast furnace mills have kept production strong in recent weeks, supported by healthy…
Iron ore futures fell on Tuesday as persistent demand concerns weighed on sentiment. Weak seasonal demand, due to heavy rains and hot weather, pushed up finished steel inventories at major warehouses, raising fears of…
China has sharply increased semi-finished steel exports this year, with shipments soaring 320pct YoY to 7.4 mln tons in the first seven months of 2025, according to Chinese customs data cited by Bloomberg. July alone…
Iron ore futures jumped on Monday after Rio Tinto suspended work at its Simandou project in Guinea following a fatal incident involving a contractor employee, raising concerns of delays to the mine's production start…
Baosteel has completed a major gearbox overhaul on its 2050-millimeter hot strip mill in Shanghai with support from SMS group, marking a key milestone in its 2025 maintenance program. The work, carried out during the…
Iron ore futures retreated on Friday as concerns over weakening steel demand weighed on sentiment. Despite strong margins keeping Chinese steel mills running at high output levels, demand has softened in recent weeks…
Chinese steelmaker Shandong Zhongxin has placed an order with Primetals Technologies for a coupled pickling line and tandem cold mill (PLTCM) at its Lin Yi plant in Shandong province. The new line, scheduled to start up…
Iron ore futures recovered on Thursday as concerns over steel production curbs eased, though demand worries lingered. Chinese authorities have instructed several mills in Tangshan to cut sintering output between August…
Iron ore futures slipped on Wednesday as steel production curbs and soft demand weighed on sentiment. Authorities have ordered several mills in Tangshan to cut sintering output between August 25 and September 3, 2025…
ZK International Group Co., Ltd., a China-based engineering company specializing in high-performance steel products, announced that its subsidiary, Zhejiang Zhenkang Industrial Co., Ltd., has won a contract in the…
Iron ore futures fell on Tuesday as demand outlook weakened amid potential production curbs and slowing steel consumption. Market sources said several steel mills in Tangshan have been instructed by authorities to cut…
Iron ore futures fell on Monday as expectations of steel production curbs and weak demand weighed on sentiment. Iron ore futures risen earlier in the session, supported by strong Chinese steel output and healthy mill…
Iron ore futures fell on Friday as continued weakness in China's property sector and disappointing economic data dampened market sentiment. According to the National Bureau of Statistics (NBS), China's economy showed…
Iron ore futures fell on Thursday as sluggish steel demand weighed on sentiment. A seasonal slowdown in consumption, compounded by a tropical storm in southern China, has driven a steady buildup of finished steel…
Iron ore futures were flat on Wednesday as traders weighed reports of steel production cuts in China. According to market sources, authorities ordered steel mills in Tangshan, a key steelmaking hub, to temporarily halt…
Iron ore futures surged on Tuesday as the extension of the U.S.-China trade truce boosted market sentiment. The two largest global economies agreed to prolong their truce for another 90 days, until November 10, 2025…
Iron ore futures gained on Monday, supported by firm near-term demand, though upside was limited by reports of production cuts in a key steel hub. Blast-furnace based steel mills maintained high output levels, buoyed by…
Iron ore futures slipped on Friday, pressured by lingering demand concerns amid excess supply and potential steel output cuts. Brazil, a major exporter, shipped a record 41.1 mln tons of iron ore in July, surpassing its…