Arab Steel Summit

Iron Ore

China is pushing to accelerate domestic iron ore projects in pursuit of independence

News / wessam ahmed

The China Iron and Steel Association has urged domestic iron ore producers to accelerate the implementation of key projects, as the world’s largest consumer of the ore faces a challenge due to its reliance on imported supplies from major producers such as BHP. Vice President Xia Nong said in a statement issued Monday evening that […]

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Steel prices in the fourth week of November 2025

Global steel markets recorded mixed price movements during the fourth week of November 2025, with increases in some products, declines in others, and stability in several categories, according to data obtained by the Arab Iron and Steel Union. Prices for imported 80:20 scrap to Turkey continued their upward trend, rising by one dollar to reach

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Algeria: Expanded Coordination Meeting on the Development of the Gara Djebilet Mine and the Béchar–Tindouf Railway Line

A broad intersectoral coordination meeting was held on Wednesday at the headquarters of the Ministry of Petroleum and Mines in Algeria to discuss the measures required to launch the development of the Gara Djebilet iron ore mine, along with the Béchar–Tindouf mining railway line designated for transporting passengers, goods, and mineral materials. The meeting was

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UK Court: Australia’s BHP Found Liable for Brazil Mine Disaster

The UK High Court has ruled that BHP is liable for the collapse of a tailings dam at an iron ore mine in Brazil in 2015, an incident that killed 19 people, destroyed entire villages, and polluted hundreds of kilometers of rivers. The ruling opens the door to compensation claims that could exceed $47 billion,

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Steel prices in the third week of November 2025

The global steel market recorded mixed price movements during the third week of November 2025, with slight increases in some raw materials, stability in several finished products, and notable declines in others. These fluctuations come amid ongoing shifts in supply and demand across different regions. Prices of Turkish scrap (CFR) saw a slight increase of

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Guinea begins exporting iron ore from the world’s largest deposit

Guinea has officially started exporting iron ore from the Simandou Project, which hosts the world’s largest iron ore reserve, marking a major milestone in the country’s economic development. During the export inauguration ceremony, Diba Diakité, Chief of Staff at the Presidency of Guinea, stated: “Simandou should be to us what oil was to the Gulf

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Steel prices in the second week of November 2025

Global steel markets showed mixed price movements during the second week of November 2025, with some products recording increases while others declined. Turkish scrap (mix 80:20) rose by $4 for the second consecutive week to $355 per ton CFR, supported by stronger demand from Turkish mills. In contrast, iron ore (62%) imported from Australia fell

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Iron Ore Drops for Sixth Consecutive Day, Longest Losing Streak Since August

Iron ore continued its decline for the sixth consecutive day, marking its longest daily losing streak since August, as China’s steel industry enters a seasonal slowdown and optimism fades over the U.S.-China trade truce. The key steel-making metal fell to $102.65 per ton, down more than 4% since last Wednesday’s close, ahead of the meeting

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Steel Prices in the First Week of November 2025

Global iron and steel markets witnessed relative stability during the first week of November 2025, with limited price movements compared to the previous week, according to data obtained by the Arab Iron and Steel Union. Prices of scrap HS1&2 (80:20 mix) imported by Turkey from the United States on a CFR basis stood at $351

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Report : Australia’s steel sector trapped by gas focus: IEEFA

News, Public Reports / user

Australia’s steel sector is drawing criticism for focusing its decarbonisation efforts on natural gas rather than the global trend toward green hydrogen, according to a briefing which warns this risks locking the country into uncompetitive, high-emission technology. Kallanish notes from the Institute for Energy Economics and Financial Analysis (IEEFA) that while developed nations are prioritizing replacing

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Vale Reports Higher Iron Ore Output in Q3 2025

Brazilian mining giant Vale produced 94.4 million metric tons (mt) of iron ore in the third quarter of 2025, marking a 3.8% increase compared with the same period in 2024. In contrast, pellet production fell by 22.8% year-on-year to 8.0 million mt. According to the company, the rise in iron ore output represents Vale’s strongest

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Steel prices in the Fourth week of October 2025

Global steel markets showed limited price fluctuations during the fourth week of October 2025, according to data obtained by the Arab Iron and Steel Union. Prices of HS1&2 scrap (80:20 mix) imported by Turkey from the United States remained stable at $352 per ton CFR, marking a slight decrease of $1 compared with the previous

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Iron ore prices under increasing pressure as inventories rise and Chinese demand weakens.

Iron ore prices declined as Chinese steel mills continued to face profit pressures amid an uncertain demand outlook in the world’s largest steel-consuming market. Futures in Singapore fell by 1.4% to $103.20 per ton, heading for a second consecutive weekly loss. Bloomberg Intelligence reported that the $100 per ton support level is under growing pressure

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Steel prices in the third week of October 2025

Global steel product prices showed slight fluctuations during the third week of October 2025, with some products recording limited increases, while others remained stable at previous levels. According to data obtained by the Arab Iron and Steel Union (AISU), the price of steel scrap (mix 80:20) imported by Turkey from the United States rose to

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Iron Ore Prices Set for Weekly Losses Amid Demand Concerns

Iron ore prices declined on Friday amid growing worries about a slowdown in global demand due to escalating trade tensions between the United States and China. On the Singapore Exchange, October iron ore futures fell by 0.9% to $104 per ton as of 10:55 a.m. Mecca time, heading for weekly losses of more than 2%.

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Algeria : First Iron Ore Pre-Processing Unit to Be Launched by End of April 2026

Algeria is set to commission its first iron ore pre-processing unit at the Gara Djebilet mine in Tindouf Province by the end of April 2026, with an annual production capacity of 4 million tonnes, according to Belkacem Soltani, Chairman and CEO of the National Mining Industrial Group (SONAREM). In an interview with APS, Soltani explained

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China Temporarily Bans All Iron Ore Shipments from BHP

China has temporarily banned all iron ore shipments from the world’s largest mining company, BHP, due to escalating disputes over pricing mechanisms, Bloomberg reported, citing sources familiar with the matter. According to the sources, China Mineral Resources Group, the state-owned entity, instructed local buyers this week to suspend purchases of any seaborne, dollar-denominated shipments from

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BHP boosts iron ore capacity with $1.4 billion port upgrade

BHP has approved a $1.4 billion infrastructure project to boost iron ore export capacity at Port Hedland. The project will install a sixth car dumper and new conveyors to increase unloading capacity and reduce downtime during the scheduled equipment update in the fiscal year 2029. This upgrade aims to raise equipment availability from the current

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Steel prices in the fourth week of September 2025

Global steel prices remained relatively stable this week, with only minor fluctuations observed across some products. Scrap: Prices of HS1&2 scrap (Mix 80:20) in Turkey stood at $340/ton CFR, recording a slight weekly increase of $5, reflecting continued demand for imported scrap from the USA. Iron ore: Prices of 62% iron ore in Australia decreased

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Steel prices in the third week of September 2025

Global steel markets witnessed mixed price movements during the third week of September 2025. Australian iron ore (62% CFR China) increased by USD 1 to reach USD 106 per ton, while cold-rolled flat steel coils (1 mm, FOB China) rose by USD 3, ranging between USD 550–560 per ton. On the other hand, scrap (HS1&2

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Iron Ore Prices Decline Amid Weak Demand in China

Iron ore futures fell on Thursday, pressured by weakening demand from China’s manufacturing and infrastructure sectors. However, stockpiling purchases ahead of the National Day holiday on October 1 helped limit the losses. On the Singapore Exchange, October-delivery iron ore futures slipped 0.4% to $105.45 per ton as of 12:17 p.m. Mecca time. Meanwhile, on China’s

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Steel prices in the second week of September 2025

In the second week of September 2025, global iron and steel markets witnessed mixed price movements, with most products remaining stable while some recorded slight increases and others a limited decline. The price of steel scrap (HS1&2 mix 80:20) imported by Turkey from the USA fell by USD 5 to settle at USD 338/ton CFR.

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Iron Ore Hits 6-Month High

On September 8, Australian iron ore (62% Fe, CFR China) rose by USD 0.9 to reach USD 105.25, marking its highest level since February 28 and the first time in six months it surpassed the USD 105 mark. Monthly performance shows an increase of USD 2.45 this month (up 2.38%), while gains since the beginning

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Steel Products Prices in Global Markets in the First Week of September 2025

Global steel markets witnessed mixed price movements by the end of the first week of September 2025, with some products recording notable declines, while others remained stable. Scrap (HS1&2 mix 80:20) imported by Turkey from the USA fell by $2, reaching $343/ton CFR. Meanwhile, iron ore (62%) Australia – CFR rose by $1, standing at

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Iron ore prices rise for the third consecutive session

Iron ore prices rose for the third consecutive session, reaching their highest levels in several weeks, supported by expectations of improved demand in China, while rising steel inventories limited price gains. At the close of trading on Thursday, the most active iron ore contract for January 2026 delivery on the Dalian Exchange rose 1.65% to

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Algerian–Chinese Talks to Reduce Phosphorus Levels in the Gara Djebilet Mine

A delegation from China’s MCC company, led by General Manager Jia Nion Xuan, held talks with the CEO of the National Iron and Steel Company (Feral), Reda Belhaj, and the Chairman and CEO of Sonarem, Belkacem Soltani, on the development project of the Gara Djebilet mine in Tindouf. The discussions focused on iron ore processing

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Fluctuations in Global Steel Prices at the End of August 2025

Global steel markets witnessed mixed trends in prices during the final week of August 2025, with some products recording notable increases while others remained stable or declined slightly. Scrap (HS1&2 mix 80:20) imported to Turkey from the USA fell to $345/ton CFR, down $3 compared to the previous week. In contrast, iron ore (62% Fe)

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Saudi-Mauritanian Partnership to Produce 14 Million mt of Iron Ore

Saudi Arabia and Mauritania are preparing to launch a strategic partnership in iron ore mining, aimed at expanding economic cooperation and boosting investment flows between the two nations, according to media reports. The initiative was agreed upon following a meeting in Mecca between Saudi Crown Prince Mohammed bin Salman and Mauritanian President Mohamed Ould Cheikh

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Steel Product Prices Stable in the Fourth Week of August

Global steel markets witnessed relative stability in most product prices on August 23, 2025, with only slight movements in some categories. Prices of scrap (HS1&2 mix 80:20) imported from the United States to Turkey increased by $1, reaching $348 per ton CFR. In contrast, iron ore (62%) imported from Australia declined by $1, settling at

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Global Steel Product Prices Stable in the Third Week of August

Global iron and steel markets witnessed relative price stability in the third week of August 2025. Imported scrap to Turkey from the United States remained unchanged at $347 per ton CFR, while Australian iron ore (62%) also held steady at $102 per ton CFR. In the billet segment, Russian billet prices stood stable at $445–435

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