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.

August 10, 2023

Australia’s Genmin signs MoU with Chinese firm to supply iron ore products

Genmin will sell and deliver 2.4 million tonnes per annum of iron ore products to Hunan Valin Steel.

August 9, 2023

China’s new state-run agency explores expanding into spot iron ore procurement

A push into the spot iron ore market would expand the new state buyer's ability to secure lower prices.

August 9, 2023

Gerdau reveals details of its $653 million investment plan in Brazil

SRK has certified the presence of 476 million metric tons of proven and probable iron ore reserves in the Miguel Burnier mine.

August 9, 2023

Sweden’s H2 Green Steel lines up Vale, Rio Tinto for iron ore supply

The Swedish company will use a production process known as direct reduced iron to cut CO2 emissions.

August 8, 2023

Graves a barrier for Jindal’s $2 billion South African iron mine

Residents say the mine could lead to more than 3,000 households and 3,000 graves being moved.

August 8, 2023

Western Australia to scrap 2021 Aboriginal heritage protection laws

Laws were introduced after the destruction of the ancient Juukan Gorge rock shelters by Rio Tinto.