U.S. manufacturing PMI contracts for 13 straight months amid slowing economy

Economic activity in the U.S. manufacturing sector contracted in November for the 13th month in a row, the Institute for Supply Management (ISM) said Friday.

Monday, December 4, 2023

EU-US Global Arrangement on Sustainable Steel still shaky

Following the meeting of the EU Trade Council on 27 November 2023, there still seems to be no solution to the steel dispute with the United States.

Monday, December 4, 2023

AISI: US Steel Imports Unchanged In October vs. September

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,182,000 net tons (NT) of steel in October 2023.

Friday, December 1, 2023

Mining Boosts Australia Business Investment to 8-Year High, Outlook Upbeat

Australian business investment rose to an eight-year high in the September quarter thanks to a rebound in mining, while plans for future spending were upgraded in a much-needed boost for economic growth.

Friday, December 1, 2023

Champion Iron bolsters liquidity for growth opportunities

Quebec Iron Ore (QIO), a subsidiary of TSX- and ASX-listed Champion Iron, has completed a $230-million term-loan financing facility, significantly increasing its available liquidity to support organic growth and development opportunities to decarbonise steelma...

Thursday, November 30, 2023

Antam to sign joint venture deal on EV battery plant in December

State-owned nickel and gold mining firm PT Aneka Tambang (Antam) is expected to sign a joint venture agreement with China’s Contemporary Amperex Technology Co. (CATL) to produce raw materials for electric vehicle (EV) batteries in December.

Thursday, November 30, 2023

Rio Tinto lauds country's advantages

China's resilient supply chains have given multinational companies strong confidence to deepen their market development amid the improved business environment in the country in recent years, a top executive of Rio Tinto said.

Wednesday, November 29, 2023

ArcelorMittal SA CEO sees no way of avoiding longs closure, says wind down to start in Jan

ArcelorMittal South Africa (AMSA) CEO Kobus Verster believes there is no immediate prospect of addressing the structural issues undermining the financial viability of the group’s long-products business

Wednesday, November 29, 2023
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