The Global Steel Climate Council (GSCC) has launched new standards for producers that want to call their products “low carbon” is deciding exactly what “low carbon” means.

Demand for Fortescue’s products has remained strong all year. This is the result of steel mill profitability as well as the consistent quality of delivered product and the low variability of Fortescue ores.

Iron-ore junior Magnum Mining & Exploration will evaluate stockpiles at its Buena Vista project, in Nevada, as potential mill feed.

The 2310 ferrosilicon contract price on ZCE closed at 6822 yuan per ton on August 16.

TechMet, a critical minerals investment company founded by Brian Menell, has closed its latest $200-million equity fundraising round, putting the firm on track to exceed a billion-dollar valuation in the next few months.

Chrome ore has been headlined by ferrochrome and chrome producer Merafe Resources as the star of the show in the six months to June 30.

Spot activity for hot-rolled coil remains muted, limiting upside for primes and shred despite weak flows. Overall trend consensus remains little changed, up to 63% in August from 60% in July.

China produced 536 million tonnes of crude steel in the first six months of this year, up by 1.3% from a year earlier.