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Fortescue marks record shipment in full year
Iron-ore major Fortescue has reported record iron-ore shipments for the full year ended June following a strong June quarter. |
Iron ore profits to drop by a third as miners eye China demand
Rio Tinto is the first of the global iron ore majors expected to report lower half-year earnings from this week, as supply chains normalize after Covid-19 and attention turns to how suppliers to China’s steelmaking industry see customer demand. |
Kumba lowers full-year sales guidance as logistics challenges persist
Kumba Iron Ore achieved a solid operational and financial performance for the six months ended June 30, despite ongoing logistics constraints and weak global steel demand impacting on iron-ore markets, while continuing to drive for zero harm and the eliminatio... |
Tycoon Jindal’s JSW Steel scouts for global coal mining assets
JSW Steel is on the lookout for coal assets globally as the tycoon Sajjan Jindal-led mill seeks to tie up raw material supplies for its expansions in India. |
Rio’s $1 billion aluminium venture
Rio Tinto has entered into a joint venture with North American-based Giampaolo Group to manufacture and market recycled aluminium products. |
Vale grows iron-ore output by 6%, sales lag
Brazilian miner Vale posted 6.3% growth in second-quarter iron ore production while sales lagged, the company announced in a securities filing on Tuesday. |
US HRC: Prices rise as floor lifts
This week started off slow after the 4 July holiday fell on a Tuesday last week, with many taking off most if not all of the holiday week. |
Steel trader Ivancore working to rebuild lines/volume
Lugano-based steel trader Ivancore is working to rebuild its credit lines and volumes after a number of staff left the company. |
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