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With the 1P1P fast tracking, the province hopes construction can start on Crawford by the end of the year.
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LME to launch steel contract using Shanghai prices on October 27
3+ day, 18+ hour ago (373+ words) The London Metal Exchange will launch a steel contract using prices from its Shanghai counterpart on October 27, the LME said on Wednesday, advancing China’s drive to expand its influence over global commodity pricing. The LME announced a landmark agreement with…...
UK plans to double steel tariffs, Politico reports
5+ mon, 3+ week ago (318+ words) Britain plans to double tariffs on steel imports, Politico reported on Monday, saying that it would be part of a wider strategy aimed at protecting the country’s struggling steel industry. Citing two people familiar with an announcement expected on Thursday,…...
China’s CMRG sounds out steel mills on banned BHP ore stockpiles
7+ mon, 4+ week ago (441+ words) China’s state-owned iron ore trader is checking on Jimblebar stockpiles held by some steel mills at Chinese ports, a sign that restrictions on the ore mined by BHP Group could be partially lifted. China Mineral Resources Group Co. escalated a…...
China’s iron ore starts new year higher on strong demand, tight supplies
8+ mon, 1+ week ago (357+ words) China’s iron ore futures rose on Monday, the first trading session of the New Year, supported by strong demand and ongoing supply constraints. The most-traded May iron ore contract on the Dalian Commodity Exchange (DCE) gained 7.5 yuan, or 0.95%, to 797 yuan…...
China pledges to control steel output during 2026-2030 period
8+ mon, 2+ week ago (358+ words) China on Friday said it will continue to regulate crude steel output and prohibit the addition of illegal new capacity from 2026 to 2030. In 2021, the world’s largest steel producer and consumer put an end to growth in crude steel output as…...
EU risks slow demise of aluminum industry if carbon tax not scrapped, Constellium CEO says
9+ mon, 1+ week ago (503+ words) The European Union should drop a looming carbon border tax that risks pushing its aluminum sector into long-term decline by inflating costs and benefiting more polluting overseas suppliers, the CEO of aluminum products maker Constellium said on Friday. The EU’s…...
China expands BHP iron ore ban to new product as talks drag
9+ mon, 3+ week ago (504+ words) China’s state-owned iron ore buyer has ordered steel mills and traders to stop purchasing a certain type of BHP iron ore, sources said, adding to a separate ban already in place and escalating a dispute over a new contract. China…...
Column: Soft China steel output shrugged off by robust iron ore
11+ mon, 3+ week ago (733+ words) The divergence between China’s soft steel sector and its robust appetite for imported iron ore widened in August, highlighting the difference between reality and hope. China, which accounts for just over half of global steel production, saw output drop for…...