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China-backed JV set to start work at Simandou

The deal should complete on Monday.

Over half of the capital goods monitored by the government posted lower prices in the last 10 days of February compared with the previous 10 days, official data showed.

China has resumed 83.4 percent of its coal production capacity amid the fight against the novel coronavirus outbreak, the National Energy Administration (NEA) said Wednesday.

[Ferro-Alloys.com] Chinese domestic coal prices for higher grades of coals have been holding firm for eight weeks, but prices for weaker grades of coals have retreated, effectively erasing the increase in prices seen in mid-February.

[Ferro-Alloys.com] Shanghai steel futures closed higher on Thursday, boosted by hopes of more stimulus by China to support its economy impacted by the coronavirus outbreak, although gains were capped on caution over the country’s record-high inventories.

[Ferro-Alloys.com] Steel giant China Baowu Steel Group announced Wednesday that it surpassed the Luxembourg-headquartered ArcelorMittal to become the world’s largest producer of crude steel in 2019.

[Ferro-Alloys.com] Japanese miner Sumitomo Metal Mining said on Wednesday it aims to boost its annual copper output through its shareholding to 300,000 tonnes by 2030 under its new long-term vision. The target compares with 250,000 tonnes projected last Novemb...