Nippon Steel plans to step up crude steel production in the October-March period, predicting an output of 21.6 million tonnes for the six months, above 20.58 million tonnes a year earlier.
Iron Ore Mining News
While MMK said it sees stable demand for steel products in its markets, it warns that global steel prices could put pressure on results.
What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.
BHP had promised to return all of the net proceeds from the $10.8 billion sale of its U.S. shale business to shareholders when the deal was announced in July.
Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.
The world's biggest miner promised in July to return the $10.5 billion in sale proceeds to shareholders.
JFE cuts crude steel output plan due to glitches, heavy rains.
China is on track for an annual record and is supporting consumption of raw materials.
The world’s largest miner has cut its economic growth forecasts for the world's two biggest economies as the superpowers engage in a "lose-lose" trade spat.
To counteract the slowdown, China’s top economic planning body is proposing to halve the tax on car purchases to 5%
If a community or government wants a bigger share of the pie, they may need to be willing to take on more of the risk.
Rio and Chinalco have decided to explore other options to realize value from the project.
The calm before the storm, potentially.
The operation halt at two steel mills is expected to reduce pig iron output of 290,000 tonnes and steel products output of about 160,000 tonnes.
Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013.
Brazil's Vale, the world's largest iron ore producer, is seeking out small high-return acquisitions that are related to the miner's current assets.
Global steel production stays strong in September with Chinese furnaces blasting at near record pace and US output surging 9%.
Jair Bolsonaro is on the cusp of winning Brazil’s presidency, leading the latest polls by double digits, and the mining community is salivating.
The company shipped 40.2 million tonnes in the September quarter, compared with 44 million tonnes a year ago
Brazil's Vale SA , the world's largest iron ore producer, on Wednesday posted $1.408 billion in third-quarter net income, below the 2.23 billion a year-ago.
The commerce department, has instructed US border officials to collect cash deposits at a margin of 231.7 percent
The mining community is salivating.
Aussie mining tycoon Clive Palmer is being sued by China’s largest conglomerate, CITIC, over his alleged “refusal” to co-operate in making more land available on a major iron ore project in Western Australia.
The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.
U.S. steel costs are higher than anywhere else in the world, they're certainly up year over year and they're up versus what we were expecting - Joe Hinrichs, Ford VP