Iron ore price climbs as China’s PBOC cuts rates to support recovery

The metal rose after the People’s Bank of China cut the rate on one-year loans by 15 basis points — the most since 2020.

Bloomberg News | August 15, 2023 | 8:20 am

Researcher to study ’green’ steelmaking process at the atomic level

A researcher at Binghamton University received almost half a million dollars to investigate how hydrogen-based direct reduction works at the atomic level.

Staff Writer | August 15, 2023 | 6:06 am

Esmark makes $7.8 billion offer for US Steel Corp

On Sunday, US Steel launched a formal review of strategic options after rebuffing a takeover offer from rival Cleveland-Cliffs.

Reuters | August 14, 2023 | 12:21 pm

US Steel soars after it rejects $7.25 billion Cliffs bid

Cliffs said it submitted the proposal privately on July 28 and received a rejection letter on Sunday that called the offer “unreasonable.”

Bloomberg News | August 14, 2023 | 9:18 am

Iron ore price falls on worries of steel output cut in China

Lackluster Chinese demand and property market deterioration also added pressure.

MINING.COM Staff Writer | August 14, 2023 | 8:58 am

US Steel to explore strategic alternatives for the company

US Steel has received unsolicited proposals that range from the acquisition of certain production assets to consideration for the whole company.

Reuters | August 13, 2023 | 10:10 am

Rio Tinto inks infrastructure deal for Simandou iron ore project

The project has been haggled over for years, with exploitation delayed by legal wrangling and the difficulty and cost of building infrastructure.

Reuters | August 11, 2023 | 6:05 am

Australia’s Genmin signs MoU with Chinese firm to supply iron ore products

Genmin will sell and deliver 2.4 million tonnes per annum of iron ore products to Hunan Valin Steel.

Reuters | August 10, 2023 | 3:50 pm

China’s new state-run agency explores expanding into spot iron ore procurement

A push into the spot iron ore market would expand the new state buyer's ability to secure lower prices.

Reuters | August 9, 2023 | 10:31 am

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