Katharine Gemmell

1 week ago | bloomberg.com | Katharine Gemmell |Alfred Cang

A dock for imported iron ore in Qingdao in east China's Shandong province in May. (Bloomberg) -- Just three years after its founding, a Chinese government-run trader has become the single biggest force in the country’s $130 billion market for iron ore imports. The rise of China Mineral Resources Group Co. has allowed it to tame one of the world’s wildest commodities markets — sending volatility in iron ore futures to a record low.

3 weeks ago | bloomberg.com | Katharine Gemmell |Mark Burton

Iron ore falls onto stockpiles at the Fortescue Metals Group Ltd. Cloudbreak mine in the Pilbara region of Western Australia, Australia, on Tuesday, Oct. 17, 2023. Chinese demand for Australian iron ore will remain strong despite the nation’s disappointing post-pandemic recovery, according to Fortescue Metals, the world’s fourth-biggest producer.

3 weeks ago | bloomberglinea.com | Katharine Gemmell |Alex Kraus

Bloomberg — El mineral de hierro cayó a su nivel más bajo desde principios de mayo junto con los mercados bursátiles después de que el presidente Donald Trump dijera que duplicaría los aranceles sobre el acero y el aluminio para ayudar a proteger a los trabajadores estadounidenses. Los futuros del ingrediente siderúrgico cayeron por debajo de los US$95 la tonelada el lunes ante la preocupación por un aumento de las tensiones comerciales mundiales.

3 weeks ago | bloomberg.com | Katharine Gemmell

(Bloomberg) -- Iron ore fell to its lowest level since early May alongside equity markets after President Donald Trump said he would double tariffs on steel and aluminum to help protect American workers. Futures for the steel-making ingredient fell below $95 a ton on Monday on concerns about an increase in global trade tensions. Trump, who visited a United States Steel Corp.

1 month ago | bloomberg.com | Annie Lee |Katharine Gemmell

(Bloomberg) -- Prices of a key Chinese steel product used in construction were at their lowest since 2017 as the world’s biggest market for the metal grappled with a massive glut. Reinforcement bar — or rebar for short — is a benchmark for China’s traditional steel markets because it’s used to strengthen concrete in buildings and infrastructure. The eight-year low in Shanghai highlights the demand struggle facing steelmakers due to a prolonged downturn in the country’s property sector.