Brazilian mining giant Vale has started financing the Iron Bear Iron Ore Project (IBP) in Canada, Mining Weekly reports.

Canada's Ontario on Tuesday agreed to suspend its 25 percent surcharge on electricity exports to three US states, after US President Donald Trump's threat to double tariffs on steel and aluminum from Canada.

Trump's latest announcement to double tariffs on Canadian steel and aluminum imports to 50 percent represents a significant increase.

The Brazilian exports of pig iron have reached 191,000 mt in February against 313,600 mt in January, according to the foreign trade authority, SECEX.

Rio Tinto announced it will invest USD 1.8 billion to develop the Brockman Syncline 1 iron ore project.

Australian steelmaker BlueScope Steel has announced that the administrators of UK-based steelmaker Liberty Steel Group's

In the week ending on March 1, 2025, domestic raw steel production was 1,641,000 net tons while the capability utilization rate was 73.7 percent.

The American Iron and Steel Institute (AISI) reported that for the month of January 2025, U.S. steel mills shipped 7,435,458 net tons.