Ferrous Metals

Iron ore steady ahead of steel uptick

Steel production was likely to tick up in September and October in China with iron ore prices holding steady in the meantime, traders said.

Merafe goes for ferrochrome expansion

Merafe Resources will fund its R1bn share of the next expansion of the huge Lion ferrochrome smelter complex, but will not increase its stake in the JV with Xstrata.

SA battles reinforcing steel shortage

Delays are feared with big construction projects as the main suppliers are limiting the key component.

Glencore in running for Anglo’s Amapa

Glencore is reportedly one of four bidders for Anglo American’s Brazilian iron ore mine Amapa, which was valued last year at $1.5bn.

ArcelorMittal to appeal R241m Kalahari award

The European steelmaker has put the skids under the R10.7bn manganese beneficiation project after it applied leave to appeal a South Gauteng Court decision last month.

CSN won’t sell Riversdale stake, says CFO

CSN has no immediate plans to sell its stake in Australia's Riversdale Mining on which it is relying as a source of coal, says CFO Paulo Penido Marques.

Rio to restructure Simandou for Chinese infrastructure

RIO Tinto said it would restructure the Simandou iron ore project in Guinea to "... facilitate access to infrastructure funding from China". The Anglo-Australian group's...

Steel firms, striking unions reach deal

Steel and engineering firms have reached a wage deal with Numsa to end a two-week long strike, says a union official.

SA springs surprise reverse on Aquila claim

South Africa's mineral resources department has surprised Australian firm Aquila Resources by offering to listen to its mining right claim rather than go to court.

ArcelorMittal to drop steel prices

ArcelorMittal has revised its steel pricing policy for domestic consumers following the interim pricing agreement reached with Kumba Iron Ore over iron ore supplies.