Steel Mining News

The United States' aluminium tariff wall is crumbling

Aluminium associations the world over are calling for a refocus on China's massive production and export capacity.

EU starts investigation into Chinese steel wheel imports

The investigation could lead to provisional duties being applied within nine months and definitive duties, typically in place for five years, in 15 months.

Eight Vale employees arrested in Brazil as part of dam collapse probe

Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.

Hundreds evacuated in Brazil on fears over mining dams safety

About 700 people were evacuated from two towns located near tailings dams operated by Vale and ArcelorMittal on mounting fears after last month's breach at Brumadinho, the country's deadliest mine disaster.

ArcelorMittal sees small steel demand rise, shares slip on margin concerns

ArcelorMittal is investing in projects in Mexico and Brazil, and has bought Votorantim in Brazil and Italy's Ilva, Europe's largest capacity steel plant.

Russia's MMK says 2019 output volumes will remain flat

MMK expects healthy output volumes, and that the asset will not remain loss-making in 2019.

Lithium Energy Products wants to buy fluorite operation in Utah

The mine is part of the assets the Vancouver-based miner is getting as part of its acquisition of all of American Strategic Minerals' assets.

Thyssenkrupp in constructive talks with EU on Tata Steel JV

The commission has set an April 29 deadline to rule on the transaction, which would create Europe’s second-largest steelmaker after ArcelorMittal.

This iron ore rally is living on borrowed time

Those inclined to make a bullish bet on disaster may be in for a dose of karma. This rally is more likely to collapse than extend.

EY appoints new global mining and metals leader

Paul D. Mitchell has been named the new EY global sector leader for mining and metals.

Japan steel federation chief sees higher domestic output in 2019

The nation's crude steel output slipped 0.3 percent to a nine-year low in 2018, as a string of natural disasters and glitches at steel plants led to slower production.

First Vanadium grows Nevada project with land buy

The move gives the company mineral rights to an additional 200-metre strike length at Carlin, considered the largest vanadium deposit in North America.

Nucor profit jumps on higher steel tariff, strong demand

The best way to sum up 2018 is this - it was a record year for Nucor

India iron ore output seen at 9-year high before leases expire

“It’s a shame if we say that we are importing iron ore. It’s like selling ice to the eskimos”

'Huge' fire at Russian steelmaker MMK; quickly put out

The plant's conveyor belt caught fire Sunday morning.

North America helps Sandvik to weather weaker Asia

In Sandvik Machining Solutions growth was moderate at a low single digit pace, impacted primarily by a decline in Asia and slower activity in the automotive segment

China iron ore, steel hit multi-month highs on trade hopes

Prices of steel and steel-making raw materials in China rose on Friday amid optimism over progress in the U.S.-Sino trade talks.

Government shutdown a double-whammy for American nail maker

The government shutdown is adding to the woes of U.S. companies already paying tariffs for their steel and aluminum.

EU takes aim at Turkish steel sector already buckling under Trump tariffs

Our export markets have disappeared, the local market hardly exists, we've got lots of capacity and no market.

LME to launch seven new contracts on March 11, lithium due in Q4

“We believe that these new cash-settled contracts... will help lower barriers to market entry"

EU agrees to extend steel import curbs until 2021

All steel imports will be subject to an effective cap until July 2021 to counter concerns of EU producers that European markets could be flooded by steel.

China's 2018 iron ore imports fall 1%, first annual drop since 2010

The fall in iron ore purchases for 2018 came as a 70 percent plunge in profit margins since late October cut the incentive for steelmakers to ramp up output and restock raw materials.

China industry ministry to ban new steel project expansions – Xinhua

Miao Wei, minister of industry and information technology, said the capacity expansion ban would also apply to the cement and flat-glass industries.

China steel prices rise on consumption boost plans, trade talk hopes

China plans to introduce policies to boost domestic spending on items such as automobiles and home appliances this year.

S.Korea court approves seizure of some of Nippon Steel's assets

A request was made by plaintiffs in a wartime forced labour case to seize part of the local assets.