Steel Mining News

British Steel collapses after failing to secure extra funding

The High Court has ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main site in Scunthorpe.

British Steel risks collapse with 25,000 jobs at stake

The possible collapse of British Steel comes after Germany's Thyssenkrupp and India's Tata Steel ditched a plan this month to merge their European steel assets to create the EU's second largest steelmaker after ArcelorMittal.

Canada vows 'full steam ahead' on ratifying trade pact after US lifts metals tariffs

"We were very clear that as long as the 232 tariffs were there it would be very, very hard for us to ratify the new NAFTA," Foreign Minister Chrystia Freeland said on Saturday.

US agrees to lift steel, aluminum tariffs for Canada, Mexico

The reports come after U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau discussed the tariffs earlier on Friday.

Steelmaker ArcelorMittal downbeat on main Europe market

The world's largest steelmaker cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year.

Trump bans trade in Iranian metals, ratcheting up tensions

The latest order aims to discourage foreign companies and countries that may still be trying to maintain business with Iran.

ThyssenKrupp sees room for EU agreement on Tata Steel deal

Tata Steel and ThyssenKrupp have proposed combining their steel operations in Europe to form the region's second-biggest steelmaker.

China's iron and steel association warns on over-capacity, shrinking profits

The country's sprawling steel sector, which has cut 150 million tonnes of steel production over the past three years, was "far from achieving its tasks" amid Beijing's supply-side reforms, the association reports.

Going Dutch on clean energy? Polluters push for state to split the bill

It is an example of how big companies in the Netherlands and beyond are putting forward their own plans to reduce emissions as they look to ward off the carbon taxes they fear will hammer their businesses.

China isn't ready for iron ore deficit, Steelhome's Wu says

The founder of Shanghai Steelhome Information Technology Co. said disruptions will amount to 60 million tons of lost supply this year.

First Vanadium says Nevada project resource estimate exceeds expectations

The company, which in March more than doubled the size of the vanadium property, believes that Carlin’s maiden resource will provide a base for an economic study.

Government officials call for output control at Chinese steel mills

Profits are being squeezed by rising raw material prices, largely caused by production disruptions at Vale SA after the Brumardinho disaster.

Mexico renews 15% steel tariff on countries without trade deals

The tariff was established in 2015 to protect Mexico's domestic steel producers from growing Asian imports.

China dumped steel wheels on U.S. market — Commerce Dept

U.S. imports of steel wheels from China were valued at $388 million in 2017.

Delrey to acquire vanadium property in Newfoundland

The Four Corners project hosts vanadium enriched titaniferous magnetite mineralization.

Tug-of-war: China's steel sector grapples short-term bulls, longer-term bears

China's steel sector is currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish.

Mining's dirty secret faces a climate reckoning

Producing a single metric ton of steel in a blast furnace typically releases around 2.3 tons of carbon dioxide, not much less than you’d get from burning a ton of thermal coal for energy.

Mixed signals for China steel and iron ore point to prices drifting lower

More certainty is needed on the demand outlook before prices can lock in a definitive direction.

Homecoming costs tycoon $7B in year of legal drama

ArcelorMittal is finally nearing the end of a yearlong battle to break into India with the $5.9 billion acquisition of Essar Steel India Ltd.

LME launches seven new contracts to try to boost volumes, profit

The steel and alumina contracts have the best chance of succeeding, according to analysts, traders and other industry sources.

All but two Canadian provinces approve Minerals and Metals Plan

Ontario and Saskatchewan say the plan falls short in growing Canada’s reputation as a world leader.

Mexico eyes fresh US targets in steel tariff dispute-official

Mexico could soon slap duties on new U.S. products as it overhauls the list of targets chosen in retaliation for the Trump administration's 2018 steel and aluminum tariffs.

Ukraine's Jan-Feb steel output falls 0.6 pct — union

Data from the union showed pig iron output fell by 7%

ArcelorMittal halts output at Bosnia mine after railway deal fails

The world's largest steelmaker operates a steel plant in the central Bosnian town of Zenica.

Australian mining industry group praises free trade deal with Peru

Ratification of the deal is expected to deliver major investment and job opportunities for Australia’s mining industry.