Nippon Steel hires Mike Pompeo to advise on US Steel deal
Nippon Steel also faces objections from the powerful United Steelworkers (USW) union, which fears the deal could lead to job losses.
The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using stockpiled ore as loan collateral.
Here’s a quick update to MINING.com’s three-minute slideshow on the evolution of the steelmaking raw material from a relic of the industrial age to the engine of global growth and the second biggest commodity trade after crude oil.
