Tuesday, August 21, 2018

China's steel industry body will allow mills to sign individual supply deals with global miners, as it seemed to abandon efforts to preserve annual pricing that for months had appeared doomed.

Kumba Iron Ore starts the arbitration process against ArcelorMittal in a dispute over the supply of cheap ore to South Africa's largest steelmaker, who has bumped up prices significantly since the battle started.

There have been ominous developments on the board of Imperial Crown trading with Duduzane Zuma, son of the country's president, Jacob Zuma, becoming a director.

Kumba CEO Chris Griffith says a breakthrough has been reached with Transnet Freight Rail over the future expansion of the Sishen-Saldanha export corridor.

Rio Tinto raises iron ore output forecast after a 39 percent jump in first-quarter production.

South-African based pure iron ore company Kumba Iron Ore says it expects to increase output to 70 million metric tons by 2019, from 39.4 million in 2009.

Kumba Iron Ore has made it a priority to prevent Imperial Crown Trading 289 getting its hands on a stake in the Sishen Iron Ore mine.

Union declares a dispute at Xstrata Alloys

The Korea Iron & Steel Association said it has joined European and Chinese steel bodies to oppose recent raw material price increases.

Rio Tinto says it is dumping the annual iron ore pricing in favour of quarterly pricing. It is the last of the top three to do so.