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Friday, June 12, 2026

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Iron ore declines as demand concerns cloud outlook

Iron ore futures fell on Friday as abundant supply and weakening steel demand continued to weigh on market sentiment. The market remained under pressure from...

Baowu and Rio Tinto complete hydrogen-based DRI trials using Pilbara ore

China Baowu and Rio Tinto have successfully completed industrial-scale palletization and hydrogen-based direct reduced iron (DRI) trials in China using Rio Tinto's Pilbara Blend...

Alfa Laval to use Acerinox’s low-carbon stainless steel in heat exchangers

Spanish stainless steel producer Acerinox and industrial equipment manufacturer Alfa Laval have entered into a partnership to promote industrial decarbonization through the use of...

Saritas orders equipment for new stainless steel plant in Yalova

Turkey's Saritas Stainless Steel has awarded Andritz a major contract to supply key equipment for its new integrated stainless steel plant in Yalova, supporting...

Iron ore falls amid supply pressure and weak demand outlook

Iron ore futures declined on Thursday as rising supply and weak steel demand continued to weigh on market sentiment. Market insiders said rising iron ore...

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