A key gauge of bulk shipping rates climbed to the highest since early December, driven by a surge in demand and tightening vessel supply.

Brazilian miner CSN Mineracao SA is sounding out traders for a roughly $200 million prepayment against iron ore cargoes, according to people familiar with the matter.

China’s state-backed iron ore buyer has told several steel mills in the country they are allowed to purchase some BHP Group cargoes, an apparent concession in a months-long commercial dispute.

China’s state-backed iron ore buyer has told several steel mills in the country they are allowed to purchase some BHP Group cargoes, an apparent concession in a months-long commercial dispute.

Iron ore slid to its lowest in a month after a report that BHP Group’s incoming chief executive officer had met with Chinese executives in Beijing this week, a possible sign that frosty relations between the mining giant and its main customer are thawing.

Copper rose to a three-week high after US President Donald Trump and Iran signaled readiness to hold talks to end the war in the Middle East during a proposed two-week pause in hostilities, even as Israeli strikes on Lebanon threatened to derail the fragile truce.

China’s electric-arc furnace steelmakers boosted weekly capacity utilization to the highest in more than two years, as the greener production method becomes more competitive.

Beijing is using a powerful but opaque entity to challenge the pricing clout of the world’s top iron ore producers.

Beijing is using a powerful but opaque entity to challenge the pricing clout of the world’s top iron ore producers.

Iron ore advanced after posting its biggest monthly gain since September 2024, supported by tropical storms in Australia and an ongoing pricing dispute between China’s state-run buyer and major miner BHP Group.

Aditya Birla Global Trading is expanding its iron ore trading team in Singapore, adding two hires to its growing steelmaking materials desk.

A shift toward greener steel production could help China’s mills to restore profitability that’s been eroded by years of overcapacity and weak domestic demand, according to a think tank.

Fortescue Ltd.’s Executive Chairman Andrew Forrest said China’s state-backed iron buyer should stop using tactics aimed at negotiating lower prices for the key steel ingredient.

Miner Fortescue Ltd. expects its extensive use of Chinese capital and mining equipment to set it apart from rival iron ore producers as Beijing seeks to extend its influence in the market, Chief Executive Officer Dino Otranto said in an interview.

BHP Group Ltd. is sending a cargo of Jimblebar fines — a type of iron ore that’s restricted by China’s state buyer — to India, according to people familiar with the matter, the latest sign that the world’s biggest miner is diverting shipments to other markets.

Iron ore fell after China’s state-backed trader told steel mills it is temporarily easing some restrictions on a BHP Group product following a surge in prices.

Chinese steel output fell in the first two months of the year as mills continued to rein in production to counter shrinking demand.

A major US attack on the island that exports the bulk of Iran’s crude is raising fears of more widespread supply disruptions in the region, further straining oil and gas markets already in upheaval after two weeks of war in the Middle East.

Iron ore headed for its biggest weekly gain in over a year, after China’s state-backed buyer moved to expand restrictions on BHP Group products.

Iron ore shipments are being disrupted by the worsening conflict in the Middle East, with some cargoes diverted mid-voyage to East Asia as war chokes one of the world’s most critical shipping lanes.