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      Coal used to make steel is set to drop to the lowest price in two years, eroding earnings at BHP Billiton Ltd and Rio Tinto Group, as European demand

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  • Iron Ore’s Blistering Rally Sets Sights on $200 as Steel

      Iron Ore’s Blistering Rally Sets Sights on $200 as Steel Booms (Bloomberg) A surge in steel consumption as the world emerges from its pandemicinduced slump is set to drive iron ore to an unprecedented high as the biggest miners struggle to keep up with the frenzied pace of demand Expectations are building that benchmark prices can get

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      Others expecting prices to ease include China’s Orient Futures Co, as well as National Australia Bank Ltd “Slowing steel demand in China should flow through into weaker demand for iron ore over the next few years,” NAB said in a note Prices are expected to drop

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  • BHP cuts iron ore production outlook after Australian

      BHP Group, the world's biggest miner, joined rival Rio Tinto on Wednesday in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any

  • Vale Output Misses Estimates in Another Boost to Iron

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    Tokyo Steel to raise output 20 pct in April Nikkei Tokyo Steel Manufacturing Co, Japan's biggest maker of construction steel, will raise production to 180,000 tons in April, up 20 percent from last month, in response to a rebound in steel demand throughout Asia, the Nikkei business daily said more

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    Tokyo Steel to raise output 20 pct in April Nikkei Tokyo Steel Manufacturing Co, Japan's biggest maker of construction steel, will raise production to 180,000 tons in April, up 20 percent from last month, in response to a rebound in steel demand throughout Asia, the Nikkei business daily said more

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