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Rio Tinto to invest $10m in low-carbon steel with China's Baowu

Rio Tinto has committed to invest $10 million with the world's largest steel producer China Baowu Steel Group over the next two years in low-carbon steelmaking projects and research, the company said.

Wednesday, January 6, 2021

Japanese Mitsui will not support Hawson iron ore project

Japanese trading house Mitsui will not extend the option to provide $60mn in funding for the 10mn t/yr Hawson iron ore project.

Tuesday, December 29, 2020

China Railway ore prices are expected to remain above $100 per tonne by 2021

According to the quarterly outlook report of the Australian Department of Industrial Innovation and Science, Australia's iron ore export revenue is expected to peak at A $123 billion by 2020-21. Iron ore prices are expected to remain strong over the next six m...

Wednesday, December 23, 2020

Iron ore price rise may be unsustainable: steel mills

Even as S&P Global Platts IODEX 62% Fe fines benchmark fell Dec. 14 to $154.50/dmt, total pellet prices indicated well above earlier levels.

Wednesday, December 16, 2020

Vale settle 2021 Q1 pellet premiums for BF-grade pellet at $40/(dmt)

The settlements for BF-grade pellet premiums are double the $20/dmt premium in the previous quarter and 93pc higher than $24/dmt for DR-grade pellets.

Wednesday, December 16, 2020

Australia's iron ore exports to China continue to grow despite strained relations

Political tensions between Australia and China did not appear to affect trade between the two countries in October, as a rise in iron ore export receipts sent the value of Australia's shipments to its biggest trade partner to a four-month high.

Friday, December 11, 2020

China-Mongolia border port sees surge in China-Europe freight trains

Among them, the number of outbound trains during the period was 1,023, up 54.3 percent year-on-year, while 1,135 inbound trains were recorded, up 52.6 percent, according to China Railway Hohhot Group.

Thursday, December 10, 2020

Iron ore surges as trade data points to strong demand in China

The strong economic data boosted sentiment even further in the iron ore market.

Thursday, December 10, 2020
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