China Baowu Steel Group, the world's largest steelmaker, and Australian mining giant Rio Tinto, have completed industrial-scale trials demonstrating that mid-grade iron ore from Western Australia's Pilbara region can be used in hydrogen-based direct reduced iron (DRI) production, according to a pres

Inventories of imported iron ore at China's 47 major ports under Mysteel's tracking increased for the third straight week to reach 172.91 million tonnes as of June 11, up 955,300 tonnes or 0.6% from the previous week, according to the latest survey results. Meanwhile, the tonnage of current port-sid

Brazil, the world's second-largest iron ore exporter after Australia, shipped approximately 28 million tonnes of iron ore in May, representing an 18.8% on-month decline -- a sharp reversal from the 23.6% monthly increase recorded in April, according to preliminary statistics from Comex Stat, a data

Chinese steelmakers have accumulated more imported iron ore stocks to meet their robust production needs, according to Mysteel's latest survey.

The Baltic Exchange's main sea freight index, a benchmark for global dry bulk shipping rates, extended its losing streak to eight consecutive sessions on Tuesday, tumbling to its lowest level in over a month as weakness spread across the larger vessel segments.