Iron ore futures extended losses on Wednesday, weighed down by a weak demand outlook. Market sentiment remained bearish amid rising shipments from major miners and expectations of a seasonal slowdown in steel demand…
Chinese steelmaker Hubei Shunle has successfully commissioned two EAF Quantum electric arc furnaces from Primetals Technologies at its plant in Hubei Province. Designed for high efficiency, the furnaces support annual…
Iron ore futures declined on Tuesday, pressured by an increase in shipments from major producers and lingering uncertainty over steel demand. Market sources noted that iron ore shipments from Australia and Brazil surged…
Iron ore futures rose on Monday, supported by steady near-term demand, though gains were limited by persistent concerns over future consumption. Chinese steel mills, particularly those using blast furnaces, kept…
Dalian iron ore futures rose on Friday, supported by steady steel production and resilient demand. However, the broader market outlook remains uncertain. Chinese blast furnace-based steel mills continue to operate…
Jingye Steel has completed a major automation upgrade for its five-meter heavy plate mill in Yingkou, Liaoning Province, with support from SMS group. Originally installed by SMS in 2009, the mill resumed production…
Iron ore futures posted modest gains on Thursday, supported by higher steel production. Although overall steel output has slowed, mills are still operating at relatively high levels, limiting the drop in iron ore…
Iron ore futures fell on Wednesday, pressured by weak demand due to a seasonal slowdown in steel consumption. The summer lull has led several steel producers to scale back output, with China's crude steel production…
Iron ore futures edged down on Tuesday as market sentiment remained cautious amid an uncertain demand outlook. A seasonal slowdown in steel demand has led to reduced steel production, weighing on market confidence…
Zhejiang Jiuli Hi-Tech Metals Co., Ltd., a leading Chinese manufacturer of stainless steel and special alloy products, has ordered three cold pilger mills from SMS group, one KPW 50 LC and two KPW 25 LC, for its…
Iron ore futures inched higher on Monday, supported by encouraging economic data, though the overall demand outlook remains weak. China's retail sales in May grew at their fastest pace since late 2023, boosted by…
Iron ore futures edged lower on Friday as market sentiment was weighed down by a weakening demand outlook. Rising iron ore inventories at major Chinese ports, driven by higher arrivals and slower offtake, added to…
Zhongshou Special Steel Group and Primetals Technologies have reached a significant milestone at Zhongshou's Arvedi ESP line project in Luanzhou, Hebei Province. Just 12 months after the contract launch, the first…
Iron ore futures declined on Thursday, as lingering concerns over weak demand overshadowed the positive sentiment sparked by encouraging developments in U.S.-China trade talks. U.S. President Trump commented favorably…
Iron ore futures rebounded on Wednesday, supported by renewed optimism in U.S.-China trade talks, although concerns about demand continued to weigh on the market. According to media reports, negotiators from both…
Iron ore futures fell on Tuesday, weighed down by a bearish demand outlook amid rising shipments and expectations of weakening steel consumption. According to analysts, weekly shipments from key suppliers Australia and…
Iron ore futures fell on Monday, pressured by weak economic indicators that dampened market sentiment. China's consumer prices declined for a fourth consecutive month in May, despite government efforts to boost domestic…
China's steel exports rose nearly 9pct YoY in the first five months of 2025, reaching 48.47 mln tons, according to the General Administration of Customs. In May alone, exports grew 9.9pct YoY to 10.58 mln tons, also…
Primetals Technologies has received the Final Acceptance Certificate (FAC) from Jiangsu Shagang for the successful upgrade of the wire rod outlet and the rebuilding of the Morgan Reducing/Sizing Mill at Line No. 3 of…
Iron ore futures recovered on Wednesday, although the demand outlook for this crucial steelmaking ingredient remains uncertain. The recent gains were largely driven by profit-taking, as traders capitalized on short-term…