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.

December 30, 2024

Iron ore price rebounds on improving steel margins, falling portside stocks

Stimulus hopes in top consumer China also supported market gains.

December 27, 2024

Iron ore price hits five-week low as traders fret about Chinese demand

Iron ore has slumped 29% this year, hurt by the prolonged slowdown of China’s economy.

December 26, 2024

Iron ore price reverses to losses as weakening China steel consumption drags

Apparent consumption of five major steel products slipped by 2.1% week-on-week.

December 26, 2024

Nippon Steel revises closing date for US Steel acquisition

The estimated closing date was revised to the first quarter of 2025.

December 26, 2024

Trade spats to curb industrial metals demand: BMO

BMO Capital Markets has lowered its demand estimates for next year on the anticipation that higher tariffs and multilateral trade friction could tamp down industrial output.

December 24, 2024

Iron ore price rises on pre-holiday restocking, China stimulus hopes

"Winter restocking of iron ore among steel mills is still underway, so we believe ore prices will find some support in the near term," analyst says.

December 23, 2024

President Biden to decide fate of Nippon Steel’s $15bn bid for US Steel

CFIUS said on Monday that allowing Nippon Steel to take over US Steel could result in lower domestic steel production.

December 22, 2024

China’s 2025 steel demand to fall 1.5% on year, state research institute says

China's steel consumption in 2024 and 2025 is forecast at 863 million metric tons and 850 million tons, respectively.

December 20, 2024

Iron ore price weakens as Australia flags return to sub-$100 prices

Futures dropped for a fourth day in Singapore, to trade about 3% lower for the week.