Steel buyers demand huge discounts from Russian producersThe country’s producers have seen their options dwindle as sanctions choke sales to the key European market.Bloomberg News | May 27, 2022 | 11:15 am
China drags down entire industrials metals complex – reportIron ore bucks the metals price doldrums as China GDP…Henry Lazenby | May 27, 2022 | 9:47 am
China’s economic slowdown woes dent benchmark iron ore priceChina is facing bigger economic difficulties than in 2020, with…MINING.COM Staff Writer | May 26, 2022 | 9:01 am
South African labour union ends ArcelorMittal strike after signing wage deal NUMSA, which embarked on a strike on May 11 demanding a 10% wage hike, said it had agreed on a 6.5% increase across the board. Reuters | May 25, 2022 | 4:22 pm
Demand for steel alloys grows as the energy transition gains momentum Global stainless steel melt production is expected to be about 62 million tonnes (Mt) in 2022, rising to 90 Mt by 2050. Wood Mackenzie | May 24, 2022 | 11:56 am
India’s top mining, steel groups warn of adverse impact from export duty hikes The government announced on Saturday that export tariffs on new iron ores and concentrates would be raised to 50% from 30%. Reuters | May 24, 2022 | 8:04 am
BSGR to pay Guinea $5.6 million after losing case over Simandou The World Bank’s ICSID ruling comes eight years after BSGR launched arbitration proceedings against Guinea for alleged expropriation of the asset. Cecilia Jamasmie | May 24, 2022 | 4:19 am
China stimulus, supply worries fire up iron ore There are several factors that suggest a renewed rally is on the cards, writes Clyde Russell. Reuters | May 23, 2022 | 9:46 am
Africa’s domestic mining sector not severely impacted by sanctions against Russia – report The Economist Intelligence Unit says Russian mining activities in Sub‑Saharan Africa will be impacted by sanctions but without having a serious negative impact on domestic mining sectors. Valentina Ruiz Leotaud | May 22, 2022 | 11:55 am
Indian steelmakers face hit on Europe deals over export tax Indian steel firms could be forced to cancel European orders after an overnight decision to impose export taxes on steel products. Reuters | May 22, 2022 | 10:01 am
Iron ore price up as Chinese banks cut interest rate Chinese banks cut a key interest rate for long-term loans by a record amount on Friday. MINING.COM Staff Writer | May 20, 2022 | 10:20 am
BHP still sees room to negotiate with Samarco’s creditors Samarco became unable to pay its $10.2 billion debt after its waste dam collapsed in 2015, killing 19 people. Bloomberg News | May 20, 2022 | 6:54 am