The Chinese steel market is navigating a prolonged weakening in demand rather than a cliff-drop collapse, as the steep decline from property is increasingly offset by manufacturing and exports, according to experts at an industry conference last week.
The Chinese steel market is navigating a prolonged weakening in demand rather than a cliff-drop collapse, as the steep decline from property is increasingly offset by manufacturing and exports, according to experts at an industry conference last week.
BHP Group and Rio Tinto Plc are looking increasingly to India as the next big growth engine for global steelmaking, underscoring how the world’s biggest iron ore suppliers are preparing for a future beyond China.
BHP Group and Rio Tinto Plc are looking increasingly to India as the next big growth engine for global steelmaking, underscoring how the world’s biggest iron ore suppliers are preparing for a future beyond China.
Cranes unload iron ore from a ship at a port in Andhra Pradesh, India. Photographer: Dhiraj Singh/Bloomberg
Chinese coking coal futures hit the daily down limit following a report that Shaanxi authorities asked miners to maintain output, after a deadly accident in neighboring Shanxi last month raised supply and safety concerns.
Chinese coking coal futures hit the daily down limit following a report that Shaanxi authorities asked miners to maintain output, after a deadly accident in neighboring Shanxi last month raised supply and safety concerns.
Exports from Guinea’s Simandou iron ore project surged in May, six months after the first shipment to China, marking a milestone in the ramp-up of the high-grade mine that has the potential to reshape the global market.
Exports from Guinea’s Simandou iron ore project surged in May, six months after the first shipment to China, marking a milestone in the ramp-up of the high-grade mine that has the potential to reshape the global market.
The mining complex in the Simandou mountain range. Photographer: Patrick Meinhardt/AFP/Getty Images
Exports from Guinea’s Simandou iron ore project surged in May, six months after the first shipment to China, marking a milestone in the ramp-up of the high-grade mine that has the potential to reshape the global market.
Exports from Guinea’s Simandou iron ore project surged in May, six months after the first shipment to China, marking a milestone in the ramp-up of the high-grade mine that has the potential to reshape the global market.
The mining complex in the Simandou mountain range. Photographer: Patrick Meinhardt/AFP/Getty Images
China’s state-backed iron ore buyer has instructed some steel mills to ask questions about Fortescue Ltd.’s new low-grade product as negotiations over a long-term supply contract hit a rough patch.
China’s state-backed iron ore buyer has instructed some steel mills to ask questions about Fortescue Ltd.’s new low-grade product as negotiations over a long-term supply contract hit a rough patch.
Iron ore headed for a monthly loss as a short-lived rally triggered by a fatal steelmaking-coal mine accident in China’s Shanxi province faded, leaving investors focused on mill margins and mounting shipments.
Iron ore headed for a monthly loss as a short-lived rally triggered by a fatal steelmaking-coal mine accident in China’s Shanxi province faded, leaving investors focused on mill margins and mounting shipments.
Chinese coking coal futures pushed higher for a second session as investors watched for a broader government crackdown on the sector after a deadly accident at a mine in Shanxi province.
Chinese coking coal futures pushed higher for a second session as investors watched for a broader government crackdown on the sector after a deadly accident at a mine in Shanxi province.
Police guard the road outside the Liushenyu coal mine in Shanxi province on May 24. Photographer: Greg Baker/AFP/Getty Images
Chinese coking coal futures jumped by the daily limit and mining stocks surged after a deadly accident in Shanxi province sparked fears of broader supply disruptions.
Chinese coking coal futures jumped by the daily limit and mining stocks surged after a deadly accident in Shanxi province sparked fears of broader supply disruptions.
China’s steel mill profitability has climbed to the highest since August, according to data from consultancy Mysteel, although questions remain over how long the improvement can last.
China’s steel mill profitability has climbed to the highest since August, according to data from consultancy Mysteel, although questions remain over how long the improvement can last.
A worker walks past molten steel at a steel factory in Huai'an, in China's eastern Jiangsu province on July 22, 2025. (Photo by CN-STR / AFP via Getty Images) / China OUT
A number of Australian steel-making coal mines may have struggled to sustain recent recoveries in output, potentially supporting prices of the commodity, according to a satellite-data analytics firm.
A number of Australian steel-making coal mines may have struggled to sustain recent recoveries in output, potentially supporting prices of the commodity, according to a satellite-data analytics firm.
Fortescue Ltd., one of the world’s biggest iron ore miners, has been ordered to pay over A$150 million ($108 million) in damages to an Aboriginal group after being found to have operated the Solomon Hub project on their land without consent.
Fortescue Ltd., one of the world’s biggest iron ore miners, has been ordered to pay over A$150 million ($108 million) in damages to an Aboriginal group after being found to have operated the Solomon Hub project on their land without consent.
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