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China iron ore, steel rise; set for weekly gains on upbeat sentiment

China's benchmark iron ore futures rose on Friday and the market was on course for a more than 3% weekly jump, while steel rebar and hot rolled coil were also set to log gains for the week as downstream consumption continued to pick up. ....

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UPDATE 1-China iron ore jumps for fourth week, steel futures gain

China's benchmark iron ore futures rose on Friday to log its fourth straight week of gains, while steel rebar and hot-rolled coil advanced on higher downstream consumption. ....

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Dalian coking coal, coke futures tumble as China steel profit margins slump

Coking coal and coke futures on the Dalian Commodity Exchange plunged on Monday, as some mills attempt to lower purchase prices of the steelmaking ingredients due to tight steel profit margins in China. ....

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Kobe Steel's new technology brings 20% cut in blast furnace emissions of CO2

By Reuters Staff
2 Min Read
TOKYO (Reuters) - Japan’s Kobe Steel Ltd has successfully demonstrated a new technology to reduce CO2 emissions from blast furnace operations by a fifth, as compared to the conventional approach, a company official said on Tuesday.
FILE PHOTO: Kobe Steel s logo is seen through a fence at a facility of Kakogawa Works in Kakogawa, Hyogo Prefecture, Japan, November 13, 2017. REUTERS/Kim Kyung-Hoon
Cutting carbon emissions from steelmaking is a key part of efforts to fight climate change and Japan’s No.3 steelmaker sees the technology as a promising solution other manufacturers could adopt without large capital expenditure. ....

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UPDATE 2-Australia state commission blocks South32 coal mine extension

By Reuters Staff
(Adds South 32 comment)
MELBOURNE Feb 5 (Reuters) - An Australian planning body on Friday blocked global miner South32 Ltd’s planned coal mine extension in New South Wales state, citing concerns over its potential irreversible impact to Sydney’s water resources.
The decision by the New South Wales Independent Planning Commission halts South32’s plans to extend the life of its underground Dendrobium metallurgical coal mine to 2048.
In its ruling, the commission found “the risks of adverse impacts on the environment are high, and that those impacts are not appropriately manageable and are likely to be irreversible.”
“We knew there were risks, as there are nowadays in any coal mine application,” said Peter O’Connor, a mining analyst at investment firm Shaw and Partners. “Is this a company breaker? No. Is it disappointing? Yes.” ....

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