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Dalian coking coal slumped 6.1% and coke dropped 3.8%.

Benchmark 62% Fe fines imported into Northern China fell 4.41%, to $109.89 per tonne.

Guinea's mines minister has ordered all work related to the Simandou iron-ore mine project halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters showed on Monday.

Iron-ore and steel prices tumbled on Friday as prospects of a sharp global economic downturn fanned fears of a slump in demand for commodities, despite signs of a rebound in manufacturing activity in top metals consumer China.

Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021/22, and are forecast to rise to A$419-billion in 2022/23, delivering two successive record years, the Office of the Chief Economist reported on Monday.

American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,736,000 net tons (NT) of steel in May 2022.

In the week ending on June 25, 2022, US domestic raw steel production was 1,750,000 net tons while the capability utilization rate was 80.2 percent.

Tulla Resources’ subsidiaries Central Norseman Gold Corporation (CNGC) and Pangolin Resources have entered into an offtake and funding agreement with Australia-based Constance Iron, for its Norseman iron-ore project, in Australia.