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Baowu group has signed a coal supply contract with a large Russian producer

Baosteel Resources International, the raw material purchasing subsidiary of Baowu iron and Steel Group, the world's largest steel producer, has signed a strategic cooperation agreement with sibanthracite group, a large Russian coal producer.

Thursday, March 4, 2021

World Steel Association: global crude steel output increased by 4.8% year-on-year in January

According to the latest data of the World Iron and Steel Association, in January, the crude steel output of 64 countries included in the statistics of the world iron and Steel Association was 162.9 million tons, up 4.8% year-on-year.

Thursday, March 4, 2021

China's Envision builds battery plant in Erdos

Erdos is China's main coal-producing and consuming region. Envision's new project is designed to promote the use of cleaner energy in the area.

Wednesday, March 3, 2021

US HRC: Prices edge up as mills aim higher

June prices increased by $30/st to $1,070/st, while July prices rose by $31/st to $1,004/st. August futures prices rose by $18/st to $956/st.

Wednesday, March 3, 2021

China's Geely, Baidu set up EV joint venture

Baidu owns 55pc of the joint venture and Geely 45pc. Other details, including the location, construction schedules and design capacity were undisclosed.

Wednesday, March 3, 2021

Copper to stay tight on long path to new supply, top miner says

One of the world’s biggest copper companies has good and bad news for buyers hit with the highest prices in almost a decade.

Wednesday, March 3, 2021

Copper to stay tight on long path to new supply, top miner says

One of the world’s biggest copper companies has good and bad news for buyers hit with the highest prices in almost a decade.

Wednesday, March 3, 2021

Freeport eyes US expansions as Biden's EV plan boosts copper demand

Freeport-McMoRan is set to approve expansions at several of its US copper mines to capitalise on surging demand for the red metal as President Joe Biden moves to electrify the nation's automobiles and combat climate change, CEO Richard Adkerson told Reuters.

Wednesday, March 3, 2021