Latest Steel Industry News

Stanmore Resources reports a challenging first half of 2025 with lower coal prices and significant wet weather impacting production and earnings, but maintains safety excellence and cost discipline while preparing for a second-half recovery and growth projects.

BlueScope Steel has extended its on-market share buy-back program to August 2026, leaving nearly $240 million still available for repurchases. The move signals ongoing capital management amid a substantial buy-back already executed.

BlueScope Steel’s FY2025 results reveal a dip in revenue and earnings amid challenging market conditions, yet the company maintains robust cash flow and advances its sustainability agenda.

Bluescope Steel Limited has announced a final dividend of 30 cents per share, 50% franked, payable in October 2025. This dividend reflects the company’s steady financial position for the year ending June 2025.

MC Mining has officially begun open pit mining at its flagship Makhado hard coking coal project in South Africa, advancing steadily towards full production by year-end 2025.

Magnetite Mines Limited has announced a renounceable rights issue to raise up to $2.65 million, aiming to fund critical development milestones for its Razorback Iron Ore Project and secure strategic partnerships for DFS funding.

QEM Limited has appointed Robert Cooper as its new CEO and secured $2.05 million in funding, while progressing key regulatory and technical milestones for its Julia Creek Vanadium and Energy Project.

Magnetite Mines has increased its Razorback iron ore resource estimate and extended key partnership negotiations, advancing its flagship project’s development. The company also reported promising metallurgical testwork and drew down funding to support ongoing feasibility studies.

Champion Iron Limited reported Q1 FY2026 results showing steady revenues and net income, alongside a major US$500 million bond issuance to refinance debt and a new partnership agreement for the Kami Project.

Calix Limited has secured a $44.9 million grant from ARENA to build a pioneering Green Iron Demonstration Plant using its ZESTY technology, aiming to produce 30,000 tonnes of low-emission iron annually and advance Australia’s green steel ambitions.

Lincoln Minerals Limited has unveiled a comprehensive update on its critical minerals projects in South Australia’s Gawler Craton, highlighting imminent drilling approvals at the Minbrie copper-base metals project and strong progress across graphite, uranium, and high purity iron assets.

Magnetite Mines has increased its Razorback Iron Ore Project resource estimate and is advancing strategic partnerships, while early saline water testwork shows promise for green iron production.