October 23, 2018

CITIC goes after Palmer’s Mineralogy over iron ore project claims

Aussie mining tycoon Clive Palmer is being sued by China’s largest conglomerate, CITIC, over his alleged “refusal” to co-operate in making more land available on a major iron ore project…

October 23, 2018

Caterpillar plummets after flagging tariffs-triggered high material costs

The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the…

October 22, 2018

Ford sees higher metal costs, hopes China and US can settle trade issues

U.S. steel costs are higher than anywhere else in the world, they're certainly up year over year and they're up versus what we were expecting - Joe Hinrichs, Ford VP

October 22, 2018

Strike at Shougang’s iron ore mine in Peru halts exports-manager

Some 800 workers, including at the port San Juan de Marcona, have taken part in the indefinite strike after negotiations over a new contract broke down.

October 22, 2018

China’s winter pollution cuts may boost high-grade iron ore

The logic is sound: If steel mills are given pollution restrictions, they will use the best possible quality iron ore to maximise the amount of steel produced relative to the…

October 22, 2018

ArcelorMittal declares force majeure for Duisburg-Ruhrort site

Force majeure declared due to the Rhine river's low water levels.

October 19, 2018

You can run but you can’t hide, CEO tells Goldman analyst

Its an accounting thing.

October 18, 2018

Rising iron ore prices seem to defy economics

China’s switch from industrial-led to consumption-led growth seems to be showing up everywhere except the production numbers of iron-ore miners.

October 17, 2018

BHP says it has seen no material impact from trade tensions

Though we have not seen a material impact on our business, we remain cautious in the near term

October 17, 2018

ArcelorMittal to make $1B creditor payment to bid for Essar Steel

The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and…