Global insight
Woodside to partner on lower-carbon hydrogen value chain with SK E&S
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Woodside Energy and South Korea’s SK E&S Co. Ltd. have signed a non-binding Memorandum of Understanding (MOU) to enable research on potentially developing a lower-carbon hydrogen value chain, including hydrogen, ammonia, and related products. |
India's Tata Steel to spend $1.2 billion annually to create 1-2 million mt new capacity each year
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India's Tata Steel Limited will invest an estimated $1.2 billion every year to increase its steelmaking capacity by 1-2 million mt per year to maintain its market share |
Australia's Strike Resources to divest Paulsens East iron ore mine, advance iron ore project in Peru
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Strike Resources plans to use a part of proceeds of the sale to fully repay its US$7.2 million loan owed to Australia-based Good Importing International |
Administrators suspend Savannah nickel operations
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The administrators of Panoramic Resources has announced the suspension of operations at the Savannah nickel project, in Western Australia. |
Simandou build expected to start in 2024 after almost 30 years of setbacks
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Rio Tinto expects to begin infrastructure work on the massive Simandou iron ore project in Guinea this year following almost three decades of setbacks and scandals. |
Canada's Algoma Steel Foresees a Drop in Steel Shipments
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Algoma Steel, a prominent steel producer based in Canada, has outlined its projections for the third quarter (October-December) of the financial year 2023-24. |
US construction spending up in November, rebar steady
US Midwest rebar remained steady at $830-840/short ton in November as demand was unchanged. Import prices began moving higher from a price floor of $750-770/st as overseas pricing rises. |
UK HRC other countries slow quota draw baffles market
Some importers also cleared around 5,000-6,000t that could not be cleared into the October quota, and added some extra tonnage. |
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