South African labour union ends ArcelorMittal strike after signing wage deal

Mining News Pro - South Africa’s largest metal workers union on Wednesday said it had signed a wage deal with ArcelorMittal South Africa Ltd, ending a two-week strike over a pay dispute.

China’s economic slowdown woes dent benchmark iron ore price

Mining News Pro - The iron ore price retreated on Thursday as Chinese downstream demand remained muted, while investors fretted over cues that the world’s second-largest economy is contracting in the second quarter amid covid-fuelled chaos.

Nickel demand boomed in 2021; this year it will be supply

Mining News Pro - Global nickel usage surged by an extraordinary 16.2% last year on the back of booming demand from both the dominant stainless steel and fast-growing battery end-use sectors.

Steel industry emissions to decline 30% by 2050

Mining News Pro - Steel industry’s carbon emissions are expected to fall 30% by 2050 compared to 2021 levels, according to a new report by Wood Mackenzie.

Sinosteel signs $690 million deal for Cameroon iron ore mine

Mining News Pro - China’s Sinosteel Corp. has signed a $690 million contract to exploit an iron ore mine in southern Cameroon amid a push to cut Chinese reliance on Australian and Brazilian ore.

Saudi Arabia announces $6bn investments in steel complex

Mining News Pro - Saudi Arabia’s Ministry of Industry and Mineral Resources said it has secured $6 billion for a steel plate mill complex and electric vehicle battery metals plant as part of plans to lure $32 billion of investment into the mining sector.

Strong copper, coal prices power Teck Resources’ profit beat

Mining News Pro - Canadian miner Teck Resources Ltd on Wednesday beat market estimates for quarterly profit on the back of higher copper and coking coal prices, sending its shares 8% higher.

China's steel industry consolidation speeds up

Mining News Pro - China's largest steelmaker Baowu Group is taking majority control of a steel company in the Jiangxi province, fast-tracking the company's consolidation plan and boosting production capacity at time of heightened emphasis on decarbonization.

China demand for coal set to drop

Mining News Pro - Researchers from Australian National University (ANU) have explored China’s plans to bolster energy security in the wake of the Russian invasion of Ukraine while aiming to hit net zero within 40 years.

Iron ore price retreats as China vows to cut steel output in 2022

Mining News Pro - The iron ore price fell on Tuesday after a spokesperson for China’s state planner said the country would keep reducing steel output this year.

Tata Steel to consider proposal to split equity shares on May 3

Mining News Pro - The board of Tata Steel Ltd will, on May 3, consider a proposal to split the stock and also recommend a dividend, the Indian steelmaker said in a statement on Sunday.

6 key drivers shaping China’s steel market amid the latest COVID-19 surge

Mining News Pro - China's steel production is expected to rise in April, but supply chain disruptions and logistics hurdles across may parts of the country could continue to undermine end-user steel demand.

Another record for Sangan Mining Complex

Mining News Pro - Sangan Mining Complex has established a new daily record for pellet.

European Steel Industry After Russia-Ukraine Conflict

Mining News Pro - Russia is the world's fifth biggest steel producer, while Ukraine comes in at 14th. The two combined account for a fifth of imports to the European Union.

ArcelorMittal removes Russian materials from steel supply chain

Mining News Pro - ArcelorMittal SA, Europe’s biggest steelmaker, has eliminated Russian commodities from its supply chain following the invasion of Ukraine.

Midhco is the best iron and steel chain supplier in Iran

Mining News Pro - Midhco was chosen as the best supplier of iron and steel in Iran this (Persian) year.

Oxin Steel is one of the finest wide steel sheet producers in the world

Mining News Pro - Head of Inspection of Petroleum Development Engineering Company visited the exports section of Oxin Steel Company and said that this company produce one of the best wide steel sheets in the world.

Russia and Ukraine Conflict affcted the Steel Industry

Mining News Pro - All Industries and Trade Forum president Badish Jindal said that the state owned steel companies have also increased their rates by Rs 5,000 to Rs 8,000 per tonne from March 1.

Sabanour plans to produce 5 million tons of concentrate and pellet in the west

Mining News Pro - Chief executive of Sabanour Mining Company announced that in order to develop the company, the company intends to produce 5 million tons of concentrate and 5 million tons of pellet in the west of Iran.

Sabanour’s sales increased by 86%

Mining News Pro - Sababours’s sales increased by 86% during 10 months of this (Persian calendar) year compared to the same period last year.

Chadormalu pelletizing exceeds the annual nominal capacity

Mining News Pro - In February, Chadormalu Mining and Industrial Company succeeded to exceed the nominal pelletizing capacity.

New monthly production record in Chadormalu steel plant

Mining News Pro - Chadormalu Mining and Industrial Company recorded a new monthly production in December 2021.

China Going to Expand Steel Production in 2023

Mining News Pro - China's hot-rolled coil capacity expansion is set to gain pace in 2022-2023 as the country marks a slow but gradual transition from property-driven to manufacturing-driven economic growth, a development that is expected to diminish demand for long steel from the property and infrastructure sectors in the long term.

China plans sharp increase in overseas iron ore output by 2025

Mining News Pro - China plans to raise its equity output of iron ore in overseas mines to 220 million tonnes by 2025 as well as increase domestic raw material supplies, state-backed China Metallurgical News said on Tuesday.

Russian miners hit by sanctions likely to get boot from FTSE 100

Mining News Pro - Two Russia-focused miners are expected to get kicked out of the U.K.’s benchmark FTSE 100 Index after the invasion of Ukraine sparked a selloff in Russian assets.

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