January 3, 2025

Biden’s veto of US Steel deal raises multitude of new questions

US statute makes it clear that American presidents are granted the power to kill a deal they deem a threat to national security.

January 3, 2025

White House: decision to block Nippon-US Steel deal was about keeping critical business in American hands

Biden's decision to block the sale of US Steel was not about slighting Japan, it said.

January 3, 2025

Nippon Steel to sue US government over blocked US Steel deal

US President Joe Biden has blocked the $14.1 billion sale.

January 2, 2025

Steelworkers union criticizes Nippon Steel’s proposal for lack of long-term commitment

The proposal "is nothing but a "Hail Mary" pass destined to fall to the ground," it said.

January 2, 2025

China’s 2025 iron ore imports set to hit new high even as steel demand dwindles

UBS forecasts a moderate surplus in 2025 and prices holding up around $95-100/t under the base case scenario.

January 2, 2025

Rio Tinto says crew member missing from ship en route to Australia

A deck fitter on board of a bulk carrier travelling from China to Western Australia was reported missing last week

December 31, 2024

US Steel jumps most in a year on Nippon Steel offer to Biden

Last-ditch effort to get President Joe Biden’s approval for its takeover of the American steelmaker.

December 31, 2024

Iron ore price falls over 15% in 2024 on faltering China demand, high portside stocks

A raft of stimulus measures unveiled by Beijing since late September to spur its sputtering economy helped the ferrous market recoup some losses.

December 31, 2024

Gold heads for biggest gain since 2010 in mixed year for metals

Gold is heading for one of its biggest annual gains this century.

December 30, 2024

Vale reaches $1.8 billion railway concessions deal

The company reached an agreement with local authorities to pay up to some 11 billion reais to renegotiate two railway concession contracts.