Chinese steelmaker HBIS group signed a memorandum of understanding (MoU) with iron-ore mining giant Vale to promote decarbonisation in the steel value chain, both companies said on Thursday.

On March 19, the European Commission (EC) unveiled its Steel and Metals Action Plan, which aims to strengthen the sector’s competitiveness and protect its future. This is stated in the press release of the institution.

Shipments decreased to 24.3 thousand tons due to the lack of supplies to the US

The Mt Bevan magnetite project is on track to achieve several key milestones with help from a forward works plan.

Brazilian mining giant Vale has started financing the Iron Bear Iron Ore Project (IBP) in Canada, Mining Weekly reports.

Canada's Ontario on Tuesday agreed to suspend its 25 percent surcharge on electricity exports to three US states, after US President Donald Trump's threat to double tariffs on steel and aluminum from Canada.

Trump's latest announcement to double tariffs on Canadian steel and aluminum imports to 50 percent represents a significant increase.

The Brazilian exports of pig iron have reached 191,000 mt in February against 313,600 mt in January, according to the foreign trade authority, SECEX.