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Iron Ore, Twenty-Four Years Of Trade Wars: From $13 In 2002 To Historic Records And China’s Challenge
In 2002, one tonne of iron ore cost around $13 according to the contract reference cited in MINING.COM’s historical reconstruction. The price emerged from annual negotiations conducted away from public markets, between major Australian and Brazilian mining companies...
European Steel, HRC Stable In The North And Slightly Lower In Italy: Weak Demand And Restricted Supply
The European market for hot-rolled coils (HRC) continues to move within narrow margins. In the October 12, 2026 session, prices remained broadly unchanged in Northern Europe, while Italy recorded a slight decline. Weak demand and the availability of stocks held by...
Petrochemicals In India, ONGC Unifies Marketing And Distribution: OPML Joint Venture Is Established
India’s energy group ONGC is bringing order to its petrochemical commercial network through a new dedicated company. ONGC Petrochemicals Marketing Limited (OPML), incorporated on October 7, 2026 together with MRPL and OPaL, will progressively bring together marketing,...
US Aluminium, Midwest Premium Rises: Expensive Diesel And Limited Supply Challenge Weak Demand
The US primary aluminium market continues to show an apparently contradictory tension: industrial demand remains weak, yet immediately available metal is scarce and the Midwest premium is rising again. On October 13, 2026, the assessment for P1020 delivered in the...