Iron ore slumps most in 2017

"Steel has been resilient at recent peak prices, with rebar climbing to the highest price since mid-2012," says Matthew Hope.

Iron ore prices have come under pressure as Chinese steel mills appear to be nearing the end of their current stockpile build, but analysts are not yet expecting a prolonged selloff.

Hebei is home to 104 mills that account for nearly a quarter of China's total steel output. The province has pledged to ...

Hebei Steel revamp approved

Hebei Steel Group has won approval for a $8 billion project that will reduce its steel capacity by nearly 2 million tonnes.

China iron ore extends rally

Iron ore advanced 2.3 per cent on the Dalian Commodity Exchange as Shanghai steel rebar futures ended near a three-year high.