September 6, 2024

US Steel assets face chopping block without Japan deal

United States Steel Corp. faces the prospect of being broken apart and sold in parts if Nippon Steel Corp.’s $14.1 billion takeover fails.

September 6, 2024

Iron ore price flicks higher from lowest close in nearly two years

The flick higher on Friday ends five days of losses amid torrid conditions in China’s steel market.

September 6, 2024

Trafigura’s top China iron ore traders leave group

The departures came after global prices of the key steel-making ingredient tumbled almost 40%.

September 5, 2024

Mesabi Metallics claims court victory in antitrust case over Minnesota iron ore project

In the antitrust suit, Mesabi alleges that Cleveland-Cliffs unlawfully impeded it from building its iron ore mine and pelletizing plant in Minnesota.

September 5, 2024

Nippon Steel seeks to address concerns on US Steel deal

Nippon also disclosed it had hired former US House majority leader Dick Gephardt to assist in its efforts.

September 5, 2024

Iron ore price sinks as steel group warns of ‘flash in a pan’ recovery

Iron ore slumped to its lowest level since 2022 and traded near $90 a ton.

September 4, 2024

Liberia conditionally lifts shutdown order on China Union’s iron ore mines

China Union took over the Bong Mines, located around 150 km northeast of the capital Monrovia, with a $2.6 billion investment in 2008.

September 4, 2024

Biden close to blocking Nippon Steel deal to buy US Steel

US Steel warned earlier that a failure to merge with Nippon Steel would put thousands of jobs at risk.

September 4, 2024

Trafigura strikes $400 million cash-for-iron ore deal With MinRes

For Trafigura, the deal represents the latest step in a push into iron ore trading.

September 4, 2024

Iron ore price tumbles toward $90 on weak Chinese steel outlook

The most actively traded January iron ore contract on China's Dalian Commodity Exchange hit its lowest level since August 2023.