August 15, 2023

Esmark CEO says has money in bank account for $7.8 billion US Steel bid

Chief executive James Bouchard said he had $10 billion available and Esmark itself had no debt.

August 15, 2023

Lawyer alleges Gina Rinehart committed ‘egregious fraud’ over transferred mining licences

Mining licenses were 'unlawfully transferred to her company', a lawyer for her two eldest children claimed in court.

August 15, 2023

Column: China’s iron ore imports may hold up despite gloomy economy

The Chinese central bank cut policy rates on Tuesday, the second reduction in three months.

August 15, 2023

Iron ore price climbs as China’s PBOC cuts rates to support recovery

The metal rose after the People’s Bank of China cut the rate on one-year loans by 15 basis points — the most since 2020.

August 15, 2023

Researcher to study ’green’ steelmaking process at the atomic level

A researcher at Binghamton University received almost half a million dollars to investigate how hydrogen-based direct reduction works at the atomic level.

August 14, 2023

Esmark makes $7.8 billion offer for US Steel Corp

On Sunday, US Steel launched a formal review of strategic options after rebuffing a takeover offer from rival Cleveland-Cliffs.

August 14, 2023

US Steel soars after it rejects $7.25 billion Cliffs bid

Cliffs said it submitted the proposal privately on July 28 and received a rejection letter on Sunday that called the offer “unreasonable.”

August 14, 2023

Iron ore price falls on worries of steel output cut in China

Lackluster Chinese demand and property market deterioration also added pressure.

August 13, 2023

US Steel to explore strategic alternatives for the company

US Steel has received unsolicited proposals that range from the acquisition of certain production assets to consideration for the whole company.

August 11, 2023

Rio Tinto inks infrastructure deal for Simandou iron ore project

The project has been haggled over for years, with exploitation delayed by legal wrangling and the difficulty and cost of building infrastructure.