MINING.com interviewed the Minerals Council of Australia CEO.
Steel Mining News
Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.
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.
Chinese coking coal futures rose their most in a month on Thursday, buoyed by firm physical prices.
ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.
South Korea, Brazil and Argentina will benefit from the measure.
Shanghai rebar steel futures dropped nearly 1 per cent.
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.
Only in the US, corrosion costs the oil and gas industry $1.4 billion a year.
Brazilian steelmaker Usiminas has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company.
The blast was centered on a huge barrel-shaped piece of equipment that stores gases released during the steel production process.
The Brazilian steelmaker is also seeking to close a streaming deal next week with a Canadian bank for its mining output in coming years.
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.
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 is the world's largest aluminium producer outside China.
Imports of jewelry, precious metals and stone products would be under the microscope.
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.
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.
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.
The head of the Thyssenkrupp foundation ruled out a break-up of the German steel-to-submarines conglomerate.
Contradictory opinions emerging at the G20 Summit.
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.
The London Metal Exchange aluminium price has on Friday morning touched $2,021.50 per tonne.
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.
After two years of at times fraught talks, the two steel firms last Saturday signed an agreement to create Europe's second-largest steelmaker.