Heavy rainfall in northeast Australia has triggered floods that are hampering mine operations and disrupting supplies of metallurgical coal in the region.

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.

Iron ore’s robust start to the year continues to highlight what many observers deem to be a persistent mismatch between market pricing and conditions on the ground.

China’s steel exports surged to an all-time high in December, rounding off a record year in which overseas shipments defied mounting trade pressures and expectations of a slowdown.

A bulk carrier laden with BHP Group’s Jimblebar iron ore has discharged in China after weeks idling offshore, in a rare case of a trader pressing ahead with restricted cargoes despite an ongoing pricing dispute.

Iron ore advanced, buoyed by pre-holiday restocking from steel mills and a lift in hot-metal output.

BlueScope Steel Ltd. shares slipped after it turned down the latest takeover approach from the US’s Steel Dynamics Inc., arguing an $8.8 billion joint offer with Australian conglomerate SGH Ltd. “very significantly” undervalued its assets.

BlueScope Steel Ltd. rejected the latest takeover approach from US steelmaker Steel Dynamics Inc., arguing a $8.8 billion joint offer made with Australian conglomerate SGH Ltd. “very significantly” undervalued its assets.

Iron ore hit the highest price since February, buoyed by the outlook for macro-economic support in China and pre-holiday restocking.

Chinese steel mills face an extended period of depressed margins as efforts to cut capacity in the sector go slower-than-expected, while exports remain high, according to Goldman Sachs Group Inc.

Rio Tinto Group and Fortescue Ltd, two of the world’s largest iron ore producers, have switched the index they use to price shipments for the world’s largest commodities consumer, a rare change that follows public criticism of the current mechanism from state-backed buyer China Mineral Resources Group.

Iron ore futures were set for their highest close since late November, riding a broader year-end rally in metals as traders look ahead to potential policy support from Beijing.

China’s top steel industry group has urged the state-backed iron ore trader, China Mineral Resources Group Co., to push for using domestic price benchmarks in supply talks with major miners including BHP Group and Rio Tinto Group.

Chinese coking coal futures headed for their biggest weekly gain since August, in a sentiment-driven rally that also helped lift iron ore and steel prices.

Australia has boosted its forecast for commodity export earnings as gold prices continue their breakneck rally and iron ore holds up despite falling Chinese steel production.

Australia has boosted its forecast for commodity export earnings as gold prices continue their breakneck rally and iron ore holds up despite falling Chinese steel production.

Iron ore futures ticked up for a second day, even as data signaled weakness in China’s steel demand.

The Canadian government has approved Anglo American Plc’s acquisition of Teck Resources Ltd., helping to clear the way for the creation of a $50 billion metals giant focused on copper mines in Chile and Peru.

China will implement a broad licensing system for steel exports, the country’s Ministry of Commerce said, in what could be a bid to tame record shipments of the metal flowing out the country.

China will implement a broad licensing system for steel exports, the country’s Ministry of Commerce said, in what could be a bid to tame record shipments of the metal flowing out the country.