Iron ore futures decline as easing Gulf tensions reduce cost support
Iron ore futures declined on Thursday as falling oil prices after the memorandum of understanding between the United States and Iran, coupled with concerns...
LME and SHFE to launch Shanghai HRC futures contract
The London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) have signed an agreement to launch a new steel futures contract that will...
POSCO commissions country’s largest electric arc furnace
POSCO has commissioned South Korea's largest electric arc furnace (EAF) at its Gwangyang Steelworks, strengthening the company's low-carbon steelmaking capacity and supporting its long-term...
EU steelmakers call for ETS reform to protect industry’s competitiveness
ArcelorMittal Europe, Thyssenkrupp Steel and Voestalpine have jointly called for urgent reforms to the European Union's Emissions Trading System (ETS), warning that the current...
Iron ore extends decline amid oversupply concerns and weak steel consumption
Iron ore futures continued to decline on Wednesday as rising supply, weakening steel demand and deteriorating mill margins weighed on market sentiment.
Market insiders said...
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