Steel Mining News

Australia’s mining sector pushing for revamped Trans-Pacific Partnership: Interview

MINING.com interviewed the Minerals Council of Australia CEO.

Chinese aluminum gushes onto world markets on Rusal supply fears

Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.

Poland's JSW seeks tighter grip on coking coal with possible Prairie bid -sources

State-run JSW and Australia's Prairie, which is developing mines in Poland, have been in cooperation talks for much of this year but JSW wants control.

Dalian coking coal extends gains as smog crackdown tightens supplies

Chinese coking coal futures rose their most in a month on Thursday, buoyed by firm physical prices.

ArcelorMittal reaches Ilva deal with unions, opening way for takeover

ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.

Trump allows targeted relief on steel, aluminum quotas -Commerce Department

South Korea, Brazil and Argentina will benefit from the measure.

Shanghai rebar extends losses into 5th day after rally on output curbs

Shanghai rebar steel futures dropped nearly 1 per cent.

China's Baosteel H1 profit surges on firm steel prices, warns of trade dispute risks

Baoshan reported a 62.2 percent surge on first-half net profit on firm steel prices, but warned about the risks of trade protectionism in the second half.

The secret to safer oil & gas pipelines: graphene

Only in the US, corrosion costs the oil and gas industry $1.4 billion a year.

Brazil's Usiminas seeks to sell stake in miner Musa

Brazilian steelmaker Usiminas has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company.

Brazilian steelmaker Usiminas: those injured in blast have left hospital

The blast was centered on a huge barrel-shaped piece of equipment that stores gases released during the steel production process.

CSN hires Jefferies to sell assets in Portugal, Germany -paper

The Brazilian steelmaker is also seeking to close a streaming deal next week with a Canadian bank for its mining output in coming years.

"Catastrophic" shutdowns expected at Rusal if U.S. sanctions remain

Under the terms of the sanctions, imposed in April in response to Moscow's alleged meddling in the 2016 U.S. election, U.S. customers must wind down business with Rusal by Oct. 23.

Linamar sees higher metals costs as 'opportunistic' U.S. companies hike prices

The U.S. Commerce Department said it was investigating recent steel price hikes to determine whether some market participants were "illegitimately profiteering" from 25 percent tariffs introduced by Trump on steel imports.

Russia's Rusal shuts down Nadvoitsky plant due to U.S. sanctions

Russia's Rusal is the world's largest aluminium producer outside China.

USTR reviewing Turkey's trade preferences after tariff retaliation

Imports of jewelry, precious metals and stone products would be under the microscope.

China's Shandong province cuts steel and coal capacity in environment plan

Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.

White House escalates China trade dispute to secure early breakthrough: Kemp

Trump has reportedly rejected a plan to levy tariffs of 10 percent on an additional $200 billion of imports from China and ordered aides to prepare a proposal for tariffs at the higher rate of 25 percent.

Turkish steel makers eye exports to West Africa amid US tariff setbacks

Turkey was looking to boost its trade with West Africa and sub-Saharan countries, where there is demand for the less capital-intensive steel products.

Krupp foundation rejects break-up of Thyssenkrupp – Der Spiegel

The head of the Thyssenkrupp foundation ruled out a break-up of the German steel-to-submarines conglomerate.

Tariffs removal not needed for E.U., U.S. talks -European Council representative

Contradictory opinions emerging at the G20 Summit.

Vale’s iron ore output hit fresh record high despite trucker strike

Iron ore output hit 96.755-million tonnes in the three months to June 30, while pellet output reached 12.838-million tonnes, despite a nationwide truck drivers strike that paralyzed the country in May.

Pain for aluminium shorts as LME gets squeezed again: Andy Home

The London Metal Exchange aluminium price has on Friday morning touched $2,021.50 per tonne.

Metal markets are preparing for a new world disorder

Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy and as countries respond to U.S. tariffs and sanctions, the disarray is set to increase.

Thyssenkrupp CEO asks to step down, board to meet on Friday

After two years of at times fraught talks, the two steel firms last Saturday signed an agreement to create Europe's second-largest steelmaker.