Brazilian miner Vale said on Thursday it will invest 67-billion reais ($12.36-billion) in its mining operations in Minas Gerais state by 2030, as it held a ceremony to mark the reopening of a key mine in the city of Ouro Preto.

While Iran's steel industry continues to grapple with severe energy limitations, Khuzestan Steel Company shined in April 2025 by setting historic production records. In a press conference held at Expo 2025, CEO Amin Ebrahimi shared the company’s impressive achievements, major challenges, and development plans for the future.

Iron-ore fell as China’s top steel association confirmed that output curbs were under way, and long-awaited PBOC rate cuts failed to deliver a sustained lift in sentiment.

The Steenkampskraal monazite mine (SMM), in the Western Cape, is now fully funded to advance its reclamation, refurbishment and laboratory operations, with funding negotiations far advanced to begin construction, hot commissioning and operation of the mine’s primary metallurgical processing plant to produce monazite concentrate.

According to the CEO of Khuzestan Steel Company, energy imbalances have caused a 60% loss in the company’s steel production over the past four years, resulting in damages exceeding 600 trillion rials (60 hemats).

India's coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday.

The head of the Skin Pass and Temper Mill lines in the Cold Rolling Division of Mobarakeh Steel Company has announced a 3,000-ton production increase at the temper mill line, bringing total annual output to 140,000 tons—an increase of 300,000 tons compared to the previous year.

Australia’s Mineral Resources said on Monday it had resumed haulage operations on its Onslow Iron project in Western Australia following a pause after a road train accident last week.

Iran ranks as the 10th largest steel producer in the world. The steel industry plays a pivotal role in job creation, income generation, and foreign exchange earnings, and it serves as a key driver of capital accumulation and the expansion of other industries within the country's economic system.

Despite unprecedented energy restrictions, Khouzestan Steel Company managed to achieve a 4.2% growth in meeting domestic market demand in 2024 (the Iranian year 1403). The total volume of the company’s product transactions on the Iran Mercantile Exchange (IME) rose from 2,402,645 tons in 2023 to 2,502,625 tons in 2024.