The long-anticipated Simandou iron ore project in Guinea, West Africa, is finally living up to its promise, with shipment volumes climbing faster than many had expected. While chemical composition drawbacks suggest Simandou ores are unlikely to fully replace Brazil's Carajs fines (IOCJ) in productio

Inventories of imported iron ore at China's 47 major ports under Mysteel's tracking rose to 171.95 million tonnes as of June 4, up 786,700 tonnes or 0.5% from the previous week, according to the latest survey results. Compared with the same period last year, however, portside stocks were significant

Chinese steelmakers have consumed more imported iron ore recently, reflecting their persistent enthusiasm for producing steel. However, mills started to adopt a wait-and-see stance regarding iron ore restocking in view of their shrinking profit margins and the upcoming low season for finished steel

Global iron ore shipments are entering their traditional peak season this month, while China's steel consumption is expected to gradually weaken due to the summer lull, weighing on iron ore demand. As a result, a potential supply glut, combined with lower freight rates driven by a likely retreat in

Hoa Phat Group, Vietnam's largest steelmaker, has submitted a proposal to the government seeking permission to restructure and develop the Thach Khe iron ore mine in the central Ha Tinh Province, potentially ending a 15-year suspension that has left Southeast Asia's largest iron ore deposit untapped