Steel Mining News

Kloeckner & Co says not preparing offer for Thyssenkrupp unit

There are no talks between Kloeckner & Co and Thyssenkrupp over a tie-up with Material Services division or about any offers, said Kloeckner & Co spokesman.

Steel tycoon considers bid for Rio Tinto's Dunkirk aluminium smelter

The Dunkirk plant, which the sources value at around $234.44 million, would add to the Gupta Family Group (GFG) conglomerate.

Russia's TMK sees steel pipe sales rising to 4.3m tonnes in 2018

Last year, TMK, controlled by businessman Dmitry Pumpyansky, sold 3.4 million tonnes of its steel pipes.

State leader named to board of main ThyssenKrupp shareholder

The election for a seven-year term of Armin Laschet comes as ThyssenKrupp seeks to diversify away from its traditional focus on steel.

ArcelorMittal miners stage sit-in at four Kazakh coal mines

About 200 coal miners in Kazakhstan refused to leave four mines operated by a unit of ArcelorMittal at the end of their shift on Monday and staged a sit-in.

Chinese steel rebounds as output curbs deepen, iron ore dips

Chinese steel futures bounced back Monday after three-day drop as output cuts in world's top producer deepened with China's anti-pollution campaign.

Chinese iron ore and coke futures dive on steel demand concerns

Chinese coke and iron ore futures fell further in trading Thursday, amid growing concerns that steel demand in world's top producer will decline for winter.

Steelmakers surge on `precedent-setting' U.S. import ruling

U.S. Steel Corp. led gains among major American producers of the metal after the U.S. slapped duties on some Vietnamese alloys made with China imports.

Vale expects to sell up to $1.5 bln in non-core assets through 2020

The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.

Iron ore enters bull market as China's curbs supercharge steel

Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.

Ukraine's steel output down 13 pct so far in 2017

Ukraine's steel production in eleven months to end-November fell 13 pct year-on-year to 19.4 million tonnes, Ukrainian steel producers' union said Friday.

Japan's Kyushu Elec likely to delay nuclear plant restart due to Kobe Steel checks

The government and industry want reactors restarted to cut electricity bills, but swathes of the public oppose returning to atomic energy.

Iron ore will go back to $50, says Goldman Sachs

Analyst Hui Shan said that Goldman’s projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12.

Tax payments from Minnesota's iron ore industry show lower production

Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015.

Dalian coking coal, iron ore extend rally to 10-week high

China's coal imports dropped 21 percent in October as government moves to replace coal with cleaner fuel, iron ore prices followed coal futures higher.

Glencore sees nickel in best shape in decade before EVs take off

Miner has one of biggest deficit outlooks on back of steel use; firm doesn’t expect material EV impact on nickel until 2020.

Iron miners: capex will not see strong comeback, says new research

BMI predicts that iron ore prices will remain on a long-term gradual downtrend until at least 2021.

Fortescue Q1 iron ore shipments up, price forecast down

Fortescue Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.

Anglo American’s Kumba raises production target

Kumba Iron Ore increased its full-year production target by 1-million tonnes.

Iron ore prices: a story of ups and downs

Lower grades managed to eke out small gains, while higher grades were under pressure.

Vale’s iron ore output hits another record

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

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