As many of its manufacturing facilities have been intensively used for a prolonged period, there is a pressing need to shift its energy-intensive equipment to low-carbon mode.

Iron-ore junior Genmin has received environmental approval for its Baniaka iron-ore project in Gabon.

Tangshan has continued to promote the optimizing of steel industry in recent years, contributing to the high-quality development of the economy.

Tianjin has pushed forward the comprehensive transformation of its iron and steel industry chain in recent years.

Rio Tinto has entered into a joint venture with North American-based Giampaolo Group to manufacture and market recycled aluminium products.

Brazilian miner Vale posted 6.3% growth in second-quarter iron ore production while sales lagged, the company announced in a securities filing on Tuesday.

This week started off slow after the 4 July holiday fell on a Tuesday last week, with many taking off most if not all of the holiday week.

Lugano-based steel trader Ivancore is working to rebuild its credit lines and volumes after a number of staff left the company.