NEWS

The world’s biggest miner, BHP, said on Wednesday its first-quarter iron ore production rose 8 percent on strong Chinese demand for high-grade ore, but cut its fiscal 2019 guidance for copper production, citing outages at key mines. BHP trimmed its 2019 copper production forecast by about 3 percent to a…

Mexico’s government on Wednesday said it hoped to end disputes with the United States and Canada over steel tariffs before the next Mexican administration takes office at the start of December. Mexico and Canada have been at loggerheads with the Trump administration over the steel industry since the United States…

Anglo American Plc should restart operations at its Brazilian Minas Rio iron ore mine in November or December but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020 as previously expected, the miner’s Brazil chief said on Tuesday. The company…

India's steel demand is expected to move back to a higher growth track as the country recovers from "twin shocks of demonetisation and GST implementation", global industry body World Steel Association (worldsteel) said Tuesday. In its October 2018 Short Range Outlook, worldsteel said it projects global steel demand at 1,657.9…

Global miner Rio Tinto Ltd said its third-quarter iron ore shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality. Shipments from its Australian mines fell to 81.9 million tonnes in the third quarter compared with 85.8 million in the same period…

The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector. The caution over trade from a body that represents 85 percent…

Chinese-owned Tsingshan, the world’s top stainless steelmaker, is prepared to offer fixed-priced long-term contracts that have no alloy surcharge - a move that could change the way the metal is priced globally, an industry veteran told Reuters. Tsingshan, which can produce about 8 million tonnes or 15 percent of global…

China’s iron ore imports rose to their highest level in four months in September, according to calculations based on customs data issued on Friday, as steel mills ramped up output ahead of winter production restrictions. Arrivals of steelmaking ingredient iron ore increased 4.2 percent to 93.08 million tonnes last month…

Canada will impose new quotas and tariffs on imports of seven categories of steel, the federal government said on Thursday, fresh measures to head off a potential rise in imports as overseas steelmakers shut out of the United States seek new customers. A tariff of 25 percent will apply starting…

China’s steel and iron ore futures dropped on Thursday in the wake of steep declines in international commodity and equity markets, while possible Chinese production curbs ahead of winter remained in focus. Asian share markets sank on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration…