Loading
Steel: falling energy prices and entry into force of import tax will support Turkish production and exports
According to the Turkish Steel Producers Association (TÇÜD), crude steel production in Turkey fell 17.6 percent year-on-year to 2.6 million tons in January this year. In the same month, Turkey's finished steel consumption was 2.9 million tons, down 3.5 percent...
Iron ore: BHP signs contracts with Shandong ports for yuan-settled business
Global mining company BHP has signed contracts with Shandong ports, which account for about a quarter of China’s annual iron ore production, to settle iron ore spot trade in yuan this year. All four of the world’s major iron ore producers are now working...
LME nickel: UK regulator launches investigation into trading halt
Britain's Financial Conduct Authority (FCA) has launched an enforcement investigation into the London Metal Exchange's (LME) suspension of nickel trading in 2022. The FCA investigation will examine the conduct, systems and controls put in place by the LME between...
Nippon Steel may buy more stakes in coking coal and iron ore mines
Nippon Steel Corp may buy more stakes in coking coal and iron ore mines even after its recent decision to invest in a Canadian mine, as it sees the risk that commodity prices will remain high. Japan's top steelmaker said in February that it will spend about C$1.15...