Steel Mining News

Global steel demand growth to slow in 2018, worldsteel says

After strong growth in 2017 driven by demand from top consumer China, global steel demand growth is expected to slow to 1.6 percent next year.

Iron ore dangerously close to $60 a tonne

Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices.

Huge increase in BC exports of met coal this year

Recovery in exports for steelmaking coal in BC- global economy is looking good out to 2020.

China bought tonnes of North Korean coal

North Korea’s biggest trading partner imported 1.64 million tonnes of coal in August

Canadian steel producer Stelco plans $150-million IPO

Following its emergence from bankruptcy protection three months ago, Stelco filed Wednesday a preliminary prospectus with securities regulators in Canada for a proposed initial public offering of its shares.

China to revoke over 1,000 iron ore mining licences amid pollution crackdown

Figure represents about a third of the country's iron ore mines currently in operations.

Iron ore prices bounce back

Following several days of losses, iron ore spot markets saw a slight growth on Tuesday

Zinc deficits persist in the short term: BMI

A new report from BMI Research states that the global refined zinc market will remain in deficit over the next few years

Microorganisms help form iron ore caves

There is a strong correlation between the location of BIF caves and the presence of iron ores of global economic significance

China wants to reduce winter pollution by cutting steel production

China is expected to slash in half the rate of steel production in Tangshan, a city in the north-east that produces 11 per cent of the country’s total output

China coking coal, coke prices sink again amid oversupply worries

The most-active coking coal futures on the Dalian Commodity Exchange tumbled as much as 6.5 percent in early trade on Monday.

UK Labour leader says he'll invest in former mining towns and steel industry

Jeremy Corbyn, whose Labour Party came second in the 2017 UK general election, has reached out to communities hit hard by the downtown in the coal and steel industries.

Iron ore's recent reversal likely the start of longer slide: Russell

As always when prices start to decline after a surge that appeared unrelated to supply-demand fundamentals, the question is will the reverse become a rout and where exactly does fair value lie?

Brazil's Vale to meet debt target before implementing new growth plans – exec

The company is also interested in investing in the electricity sector itself or through a joint venture.

India's JSW Steel aims to to increase own iron ore production

The company, India's biggest local steelmaker, aims to be producing 80% of the iron ore needed for its flagship plant in south India in three years time

EU states at odds over steel tariffs against Russia, Brazil

Steelmakers have accused the four countries of dumping the steel used in construction and machinery so the European Commission, the trade policy watchdog, had set out plans to levy tariffs of up to 33 percent.

China's Yunnan province starts safety checks on metals plants

Those that do not pass the tests will have to make necessary improvements by the end of December or face closure.

More than 200 workers to go at Sandvik Materials Technology unit

Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.

Seabed mining approved in New Zealand despite environmentalists’ concerns

Trans-Tasman is now allowed to recover resources from the country’s Exclusive Economic Zone

Indian centenary iron ore mine goes solar

Tata Steel has just inaugurated India’s first solar power project located at an iron ore mine

Iron ore soars at $76 a tonne

The steelmaking raw material hit its highest level since April driven by the demand of China’s steel industry

Kumba resumes divvy thanks to stronger iron ore prices in first half

Shareholders hadn’t received dividends since 2015, when iron ore fell below $40 a tonne amid a global crash in commodity prices.

U.S., Chinese officials conclude contentious economic talks, steel stocks soar

The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing.

Kumba announces appointment of new CFO

Kumba Iron Ore Limited today announces the appointment of Mr Bothwell Mazarura as Chief Financial Officer and Executive Director, effective 1 September 2017.

Teck Resources grabs Goldcorp’s stake in Mexican project for $50 million

After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.