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Kazakhstan imposes six-month ban on steel billets and semi-finished product exports 

1732092219 from C ASIA

… fostering the development of Kazakhstan’s domestic steel production … local steel production capacity. Kazakhstan's steel industry … of steel products within Kazakhstan’s borders. This export … ’s value-added production. Kazakhstan's steel production …

Australian Treasurer Chalmers: Tumbling iron ore prices, softening labor market have hit government revenue

1732070640 from FXSTREET

After presenting his Ministerial Statement on the economy on Wednesday, Australian Treasurer Jim Chalmers said, "tumbling iron ore prices and a softening labor market have hit government revenue.” He discussed Australia's tough fiscal outlook due to weakened trading partner China and a softening job market.

Nippon Steel’s Mori to Meet With Pennsylvania Governor Shapiro

1732042674 from BLOOMBERG

A top Nippon Steel Corp. executive is set to meet Pennsylvania Governor Josh Shapiro, an ally of President Joe Biden, to tout how his company’s proposed $14.1 billion takeover of United States Steel Corp. could benefit the state.

BHP Warns of Rising Low-Cost Competition, Challenges for Australian Mining Sector

1732039725 from MINING

… government has invested heavily in mining infrastructure, while China has … costs compound the problem. Australian mining companies face relentless pressure from … processing technologies, Australia’s traditional mining advantages are being steadily undermined …

SAGA Metals Announces Assay Results from North Wind Iron Ore Project

1732025061 from FPOST

VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) — SAGA Metals Corp. (“TSXV: SAGA”) (“FSE: 20H”) (“SAGA” or the “Company”), a North American exploration company focused on discovering critical minerals, is pleased to announce the results from its initial field program at the North Wind High-Purity Iron Ore project in west central Labrador, Canada. Key […]

Germany's struggling Thyssenkrupp books $1 billion impairment charge as steel demand weakens

1732003952 from CNBC

Thyssenkrupp on Tuesday reported a 1-billion-euro ($1 billion) impairment on its struggling steel division.

US Raises Import Tariff for Nippon Steel After Review

1731967475 from BLOOMBERG

The US Commerce Department has ratcheted up tariffs on Nippon Steel Corp. just as the Japanese steelmaker made an anti-import promise to gain support for its $14.1 billion takeover of United States Steel Corp.

Move over, data centers. US steel mills need lots of clean power too.

1731953096 from ENERGY

… steel is made using coal in scorching-hot furnaces. … of their power from wind, solar, or other renewables. “ … novel ironmaking techniques using electrochemistry. The latter two methods … tax credits that boost clean energy production, since the policies are …

Nippon Steel Makes Anti-Import Vow to Win Over US Steel Workers

1731943716 from BLOOMBERG

Nippon Steel Corp. is promising unionized workers of United States Steel Corp. that it won’t send steel shipments from its overseas mills as part of its commitments to seal a $14.1 billion takeover of the iconic American company.

BHP Warns Australian Mining Not Ready for Low-Cost Competitors

1731898054 from BLOOMBERG

BHP Group’s Australia chief said the nation can’t rely on its traditional mining export markets and is unprepared for a new era of lower-cost competitors.

Chinese Steel Exports Are Booming But Here’s Why That Won’t Last

1731884645 from BLOOMBERG

China’s steel exports have exploded higher. History suggests it can’t last.

United Steelworkers union and University of Toronto launch new research chair honouring Leo Gerard

1731692964 from FPOST

TORONTO, Nov. 15, 2024 (GLOBE NEWSWIRE) — The United Steelworkers union (USW) has partnered with the University of Toronto to launch a new USW/Leo Gerard Chair in Collective Bargaining and Worker Representation at the university’s Centre for Industrial Relations and Human Resources. The USW/Leo Gerard Chair will further the University of Toronto’s leadership in the […]

High-Nickel Pig Iron Prices Continue to Plunge Amidst Weak Market Fundamentals

1731680757 from NICKEL

… market, factors like new nickel pig iron capacities gradually reaching … some high-grade nickel reverting to nickel pig iron have … In terms of pure nickel, nickel prices have shown a weakening … short term. Conversely, pure nickel prices are expected to …

China’s Steel Production Recovers as Market Responds to Stimulus

1731637847 from BLOOMBERG

Chinese steel output recovered in October, snapping four months of declines, as sentiment brightens following Beijing’s efforts to rekindle economic growth.

Mining Equipment Market is Hit to USD 223.14 Billion by 2032 Fueled by Growing Demand for Metals & Minerals

1731588300 from MINING

… with operational efficiency. Mining equipment manufacturers are responding … Equipment Type • Underground Mining Equipment • Surface Mining Equipment • Crushing, … Application • Metal Mining • Non-metal Mining • Coal Mining Regional Development: …

Arch City Steel & Alloy, Inc.: Providing 4130 Tubing, Nickel Alloy 20 Tubing, And 416 Stainless Steel Tube

1731547523 from NICKEL

… ; chrome round bars, nickel plates, nickel round bars, and nickel sheets & coils … store include Nickel Alloy 20 tubing, Nickel Alloy 200 tubing, Nickel Alloy 201 … Nickel Alloy 601 tubing, Nickel Alloy 625 tubing, Nickel Alloy 718 tubing, and Nickel …

Nippon Steel’s Mori to Meet Steelworkers in Pittsburgh Next Week

1731542657 from BLOOMBERG

Nippon Steel Corp.’s Vice President Takahiro Mori is set for a US visit that will include a meeting next week with workers representing the three major local unions that run United States Steel Corp.’s iconic plants in the Pittsburgh area.

ASX falls as banks drop; MinRes sinks, James Hardie rallies

1731447625 from BANKING

… are falling as traders ditch banks after signs the post-US … .6 per cent lower, Westpac Banking is 1.8 per cent … -dividend trading. The fall in banks comes as money markets again …

Miners dig a hole for ASX again as commodities fall

1731393914 from BIZNEWSAU

The local bourse has ended 0.1 per cent lower as falling commodity prices hit energy and materials stocks.

Uzbekistan’s NMMC to boost processing capacity at HMP-7 to 25mn tonnes with expansion project 

1731389902 from C ASIA

… months of 2024, NMMC remained Uzbekistan's top taxpayer, contributing …

Iron Ore Futures Dip Below $100 a Ton on China Demand Concerns

1731389828 from BLOOMBERG

Iron ore sank below $100 a ton, hitting the lowest level this month, as China’s efforts to support growth underwhelmed investors, and miners continued to ramp up operations.

Iron Ore Slumps Toward $100 as China’s Latest Fix Disappoints

1731291598 from BLOOMBERG

Iron ore fell toward $100 a ton as Beijing’s latest efforts to revive the economy left investors disappointed, while an expansion in Chinese port stockpiles highlighted ample supplies.

Liontown trims production, cuts costs

1731290336 from BIZNEWSAU

Newly minted lithium miner Liontown Resources is paring back production and focusing on tapping higher margin ore in a bid to realise about $100 million in cost cuts.

Steel, Copper, Nickel, Cobalt: How Policy Changes Could Impact Metal Demand

1731284508 from NICKEL

… metals like silicon, cobalt, copper, nickel and other renewable energy metals … vehicle industries continue to affect nickel and cobalt. Additionally, steel plate … Renewable Energy Systems Steel, copper, nickel and cobalt are among the …

UK, British Steel Owner Held Talks to Avert Plant Closures, FT Says

1731164030 from BLOOMBERG

UK business secretary Jonathan Reynolds has held talks with British Steel’s Chinese owner in a bid to avoid plant closures, the Financial Times reported, citing unidentified government and industry sources.

UK holds talks with China’s Jingye to avert closure of British Steel plants

1731157224 from FT

Support package drawn from £2.5bn war chest being prepared to try and keep Scunthorpe site open

Stainless steel Market Slump Deepens as Nickel Prices Plunge

1731041551 from NICKEL

… uncertainty in the stainless and nickel markets. Trump has indicated … —which drive stainless and nickel demand—could weigh on … sector. Key Stainless and Nickel Price Movements Recent price movements … for stainless steel and nickel, coupled with rising import …

MinRes, Ellison remain under pressure

1731035358 from BIZNEWSAU

Corporate regulator ASIC, giant superannuation fund HESTA and ratings agency Moody’s are among groups continuing to apply pressure to Mineral Resources over its governance standards and financial health.

‘We’ve got Trump back’: Mining industry sees new inroads

1731007796 from MINING

… , president of the National Mining Association, a prominent trade … members include hardrock and coal miners. Nolan said the Biden … in America.’” The National Mining Association, which tickets itself as … Street to ensure domestic mining companies benefit from a …

Stocks Showing Improving Market Leadership: Steel Dynamics Earns 83 RS Rating

1730966400 from investors

Steel Dynamics shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 65 to 83. The post Stocks Showing Improving Market Leadership: Steel Dynamics Earns 83 RS Rating appeared first on Investor's Business Daily.

Rio Tinto submits BioIron plans

1730961556 from BIZNEWSAU

Iron ore miner Rio Tinto is pressing ahead with development of a pilot plant south of Perth to test the merits of local green iron production.

ArcelorMittal Calls for Trade Measures to Tackle Chinese Exports

1730959986 from BLOOMBERG

ArcelorMittal SA called for stronger trade measures to address a flood of Chinese steel exports that it says are making the market is unsustainable, with prices in Europe well below marginal costs.

BHP chief sees signs of recovery in China after September stimulus

1730956657 from FT

Mike Henry says ‘green shoots’ in property, where miner’s iron ore and copper fuel construction

Metallurgical Coke Market Forecast 2024-2033: Market Size, Growth Factors, Trends, And Competitive Landscape

1730948400 from MINING

The Business Research Company's Metallurgical Coke Market Forecast 2024-2033: Market Size, Growth Factors, Trends, And Competitive Landscape LONDON, GREATER LONDON, UNITED KINGDOM, November 7, 2024 /⁨EINPresswire.com⁩/ -- The Business Research …

Pilbara industrial investment surges

1730941235 from BIZNEWSAU

The Pilbara's investment pipeline has grown nearly 50 per cent in one year, and iron ore is not the biggest driver.

Steel Stocks Are Back in Vogue as Trump Victory Buoys Outlook

1730924866 from BLOOMBERG

A surge in American steel stocks just hours after former President Donald Trump secured a second term signals investors are betting his victory is bullish for the industry.

Tata Steel Second-Quarter Profit Declines Amid Weak Prices

1730896828 from BLOOMBERG

Tata Steel Ltd. reported a second-quarter profit that beat average estimates, while declining 13% from the prior three-months period, a sign of weak demand and prices of the alloy.

IREL, Kazakhstan’s UKTMP ink pact for titanium slag JV in Odisha

1730877282 from C ASIA

… ’s IREL (India) Limited and Kazakhstan’s Ust-Kamenogorsk Titanium and … employment in Odisha. The Indo-Kazakh joint venture will utilize IREL …

Stausholm: CIIE boosts Rio Tinto's competitiveness

1730802810 from CGTN

Stausholm: CIIE boosts Rio Tinto's competitiveness

IREL, UKTMP JSC, Kazakhstan Signed an Agreement to Establish Indo-Kazakh JV Company

1730791530 from C ASIA

… ) Kazakhstan have signed an agreement to establish Indo-Kazakh joint … Construction of the Republic of Kazakhstan, Mr. Yermek Kosherbayev, Akim … of East Kazakhstan region of the Republic of … of the Republic of Kazakhstan to India from Republic …

German Steel Firm Salzgitter Says Investor Eyes Takeover Offer

1730749772 from BLOOMBERG

A major shareholder of German steel producer Salzgitter AG has notified the company of its plans to pursue a takeover of the company.

ArcelorMittal and ABB Partner on Mining Automation

1730732765 from MINING

… ;s global mining portfolio. ArcelorMittal operates iron ore mines in several … commitment to innovation and sustainable mining practices. By leveraging cutting-edge … of providing solutions to the mining industry, including electrification, automation, …

Wright Prospecting posts $277m profit

1730444235 from BIZNEWSAU

Perth company Wright Prospecting has reported another massive profit as its low-key owners reap the benefits of an iron ore royalties deal negotiated more than 50 years ago.

Ironbark taps investors for $10m

1730426400 from BIZNEWSAU

Subiaco-based junior Ironbark Zinc has appointed former Nordgold boss Nikolai Zelenski as its executive-chair elect, along with announcing plans to raise $10 million.

New stainless steel winter sports sculptures herald Asian Winter Games

1730361964 from CGTN

Stainless steel figures of winter sports athletes gleam in the daylight of Harbin, northeast China's Heilongjiang Province.

Bumper profit for Hancock Prospecting

1730360115 from BIZNEWSAU

Gina Rinehart’s Hancock Prospecting has netted a bumper $5.57 billion profit after recording one of the highest revenues in the company’s history.

Learn the superior advantages of Agricultural Steel Buildings

1730348382 from AGNEWS

… Phrase rely 644 The agricultural sector has at all … solely restricted to that. Agricultural metal buildings have advanced … shopping for off the agricultural constructing supplies such that … The acquisition of an agricultural retailer constructing is a …

Steel plant explosion in central Mexico kills at least 12 people

1730314689 from CGTN

Steel plant explosion in central Mexico kills at least 12 people

Pilbara Minerals shelves smaller processing plant

1730263870 from BIZNEWSAU

Pilbara Minerals will mothball one of its processing plants and pause the construction of a mid-stream project as it tightens its belt amid languish lithium market conditions.

China’s Top Steelmaker Still Turns a Profit as Sector Struggles

1730255533 from BLOOMBERG

The listed unit of China Baowu Steel Group, the world’s No. 1 producer, is still making money even as much of the beleaguered sector swings to a loss.