iron ore headlines

Here's what ANZ's iron ore forecast could mean for the BHP …

The BHP share price is closely linked to iron ore. Iron ore prices have been volatile amid uncertainty surrounding China's property markets. ANZ expects the industrial metal to slip to US$95 a ...

Australian iron ore majors brush off weak outlooks for …

Citi lowered its three-month price outlook for iron ore to $100/t from $120/t, in an April 24 note. "The weak steel demand and steelmaking margins have started to negatively feed through into the iron ore market as hot metal production growth started to roll over and port inventory started to build," the analysts wrote.

Iron ore prices tipped to fall further amid global growth woes

With S&P Global Ratings expecting the pandemic to push the global economy into a recession in 2020 and global GDP growth now forecast to be just 1% to 1.5%, Market Intelligence expects the average iron ore price to fall from US$93.30/t in 2019 to US$82.80/t in 2020. Research group AME said in a note distributed March 24 that …

The world's largest iron ore producing countries in …

(Kitco News) - According to the preliminary data released by the U.S. Geological Survey (USGS), estimated global iron ore production in 2021 was 2,600 …

Steel News

LKAB Signs for Iron Ore Mine Loaders 11 Dec 2023 - Swedish iron ore miner LKAB has placed a SEK250 million order with for automated loaders that …

The Edmund Fitzgerald started its tragic journey …

The 729-foot ore freighter sunk on November 23, 1975, during a severe storm, taking its load of iron and the crew of 29 men to the bottom of the Lake Superior. (AP Photo) ASSOCIATED PRESS

Fortescue sees rapid iron ore development in Gabon despite …

Fortescue Metals Group Ltd. is moving quickly on its new Belinga iron ore project in Gabon, although getting product to port will be slower than its flagship Western Australian operations. Fortescue's 80%-owned Ivindo Iron SA joint venture signed an exploration convention with Gabon's government in August 2022 that included a three …

China looks to diversify iron ore supply amid price rally, …

After iron ore imports hit a record 1.17 billion tonnes in 2020, the world's largest steel producer said it planned to lift the output from interests held by Chinese companies overseas to more than 20% of its iron ore imports while building a number of globally significant mines by 2025, according to a five-year plan released by the Ministry …

Tsingshan to build $1B carbon steel plant, iron ore mine in …

Tsingshan Holding Group Co. Ltd. is set to break ground for a $1 billion iron ore mine and carbon steel plant in Zimbabwe, Reuters reported, citing the country's information minister, Monica Mutsvangwa. "The groundbreaking ceremony for the iron ore mine and carbon steel plant is scheduled for May 2021 in Manhize, Mvuma," the minister …

Vale 'sticking to' run rate of 400 Mt/y of iron ore in 2022

Theme Metals. Vale SA is "sticking to" plans to produce at a run rate of 400 million tonnes of iron ore per year in 2022, subject to markets, and will exercise its "value over volume" mantra in further planned mine expansions, company executives said July 30. The planned 2022 run rate will compare to the company's expected 2020 production of ...

Iron ore market forces favor Fortescue for near future, …

At the March 2018 Global Iron Ore & Steel Forecast Conference in Perth, Western Australia, experts from Citigroup, BHP Group and Wood Mackenzie supported the view that Chinese steel mills' preference for high-grade ore and discounts to lower grades was a structural, rather than cyclical, market move.

Labrador Iron Ore Royalty (LIF) News Today

Source Headline; 3 Dividend Stocks With the Highest Yields on the TSX Today msn - December 8 at 7:08 PM: LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE THIRD QUARTER OF 2023 - $0.95 PER COMMON SHARE ca.finance.yahoo - September 14 at 11:00 PM: Is Labrador Iron Ore Royalty …

Iron Ore CBS August 2023 – Prices drop on fading …

Author Ronald Cecil. Tags Metals & Mining. In the monthly Iron Ore Commodity Briefing Service (CBS) report, S&P Global Commodity Insights discusses the …

world steel industry news headlines press reports

Asia Pacific Industry Headlines Dalian iron ore futures slip on concerns over market supervision Wed, 06 Dec 2023 00:00:00 GMT Dalian iron ore futures declined on Tuesday on lingering fears of Chinas supervision of the markets to ensure price stability, though analysts cautioned that the downward trend may be short-lived. The most-traded ...

Introduction: Overview of the global iron ore industry

Turning to iron ore exports and imports, the tonnages are summarized in Table 1.1 for 2012 and 2018 (Australian Department of Industry, Science, Energy and Resources, 2021; US Geological Survey, 2020; United National Conference on Trade and Development (UNCTAD), 2021).As shown in Fig. 1.3, China is the largest iron ore …

The Rare Indicator That's Still Optimistic About China's …

Updated Oct. 9, 2023 8:31 am ET. Listen. (2 min) China buys seven in every 10 metric tons of iron ore shipped globally. Photo: Agence France-Presse/Getty Images. ADELAIDE, Australia—China's ...

Goldman Sachs sees 'clear deficit' of iron ore for the …

Goldman now expects the full-year average for the benchmark 62%-grade iron ore to surge from $101 per tonne to $117 in 2023. For 2024, analysts are expecting …

will the US take on the challenge?

The Swedish initiative is comprised of steelmaker, iron ore producer and energy company, all planning to establish their first demonstration plant to remove fossil fuels from the steelmaking ...

Cooling iron ore, coal demand to dampen 12-year-high freight rates

Freight rates for iron ore are set to cool after hitting a 12-year high in October as planned steel production cuts and a construction slowdown in China dampen the outlook for the steelmaking raw material's prices. Chinese crude steel production is expected to slow down from the government's efforts to curb steel output to help cut carbon ...

Rise in Chinese steel output drives sharp rally in iron …

Prices for the bulk commodity, a crucial ingredient in steel, have climbed 38 per cent over the past seven months to $133.95 a tonne, Argus data shows. The rally has …

Rio Tinto Plans $6.2 Billion Investment in Guinea Iron Ore …

Rio Tinto expects first production from the mine it is jointly developing in 2025. Rio Tinto expects to contribute roughly $6.2 billion to the initial development of the Simandou mine. Photo ...

Sinosteel ships first DSO from restarted Blue Hills iron ore …

Sinosteel Corp. has sent the first iron ore shipment from its restarted Blue Hills direct shipping ore operation in Western Australia to China almost six years after the project went into care and maintenance, the company's Sinosteel Australia Pty. Ltd. unit told S&P Global Market Intelligence.

Top iron ore producers lift output despite lower prices YOY, …

Fortescue Metals Group Ltd. was the only iron ore miner in the top five whose April-June output fell year over year, dropping 6.5 MMt, or 11%, to 52.7 MMt. Its production slipped despite record full-year shipments for fiscal 2023 and the startup of its Iron Bridge mine in Western Australia.

Work set to resume at Simandou iron ore after Guinea

The CTG guarantees the government 15% of the Simandou iron ore as well as a free and non-dilutable 15% stake in railway and port infrastructure.

Iron ore price up as hopes of China stimulus resurface

The most-traded May iron ore contract on China's Dalian Commodity Exchange ended daytime trading 1.52% higher at 969.5 yuan ($135.12) a metric ton, following a fall …

China planning to establish iron ore supply overseas – Reuters

China had the third-largest 2020 budget for iron ore exploration at $36.2 million, according to a recent analysis by S&P Global Market Intelligence's Metals & Mining Research team. Australia was in first place for the year with an iron ore exploration budget of $299.5 million, and Brazil was in second place with $61.3 million budgeted.

The Race to Produce Green Steel

M odern steelmaking involves several production stages. Most commonly, iron ore is crushed and turned into sinter (a rough solid) or pellets. Separately, coal is baked and converted into coke. The ore and coke are then mixed with limestone and fed into a large blast furnace where a flow of extremely hot air is introduced from the bottom.

CLF Stock Was Hit Hard by the Drop in Iron Ore Prices

UBS Group AG is estimating 2022 prices will average just $89 per metric ton. The rapidly rising price of iron ore through 2020 and into 2021 was a big part of the CLF stock growth story. The ...

What's the latest on the iron ore price?

Iron ore futures on China's Dalian Commodity Exchange opened higher on Monday, with contracts for January 2022 delivery lifting 4.65% to around 710 yuan (US$111) a tonne. Iron ore price headlines ...