Weekly LME scrap futures trading volumes in the week to Aug. 1 fell slightly to 242,150 mt, down from 352,220 mt recorded in the week to July 25.

Steel producer ArcelorMittal South Africa (AMSA), which has been bemoaning weak domestic demand conditions for several years

Guinea's giant Simandou iron ore project is expected to start exporting within two years. The project is expected to make a significant contribution to the world's decarbonization efforts.

As a landmark logistics center and the largest port on the upper reaches of the Yangtze River, Guoyuan Port has achieved seamless multi-modal transport integrating railway, road, and waterway.

Mubadala Capital and commodities trader Trafigura have hired UBS BB and Goldman Sachs to help sell a Brazilian iron-ore port

The market has played a role in encouraging more action from enterprises to reduce emissions, the report showed.

"Fortescue has been investing heavily in technology and building genuine and trusting friendships with our Chinese partners, underpinning the success and longevity of what has been a mutually beneficial partnership," he said.

Guinea’s giant Simandou iron-ore project, which is expected to start exports in two years’ time, is set to contribute to the world’s decarbonisation efforts, according to Rio Tinto.