Latest Steel News

Fletcher Building posted a mixed quarterly volume update for Q3 FY26, with gains in light building products and distribution offset by weakness in heavy materials. The recent Middle East conflict adds new supply chain and cost pressures, complicating the outlook.

QEM Limited is set to acquire two past-producing critical mineral projects in Idaho, backed by a $2.645 million placement. The move aligns with US efforts to secure domestic supplies of fluorspar, tungsten, and niobium amid global supply chain vulnerabilities.

Hazer Group and KBR have completed a commercial-scale Process Design Package for a 30,000 tonnes per annum hydrogen plant, marking a key step toward industrial deployment of methane pyrolysis technology.

Forrestania Resources has revealed further high-grade niobium mineralisation from its maiden RC drilling at the Wozi Project, Malawi, validating a large near-surface system with grades up to 0.94% Nb2O5 and confirming the project's critical minerals potential.

Black Canyon has kicked off a substantial 15,000m RC drilling campaign at its Wandanya Project, aiming to define and grow its high-grade manganese and iron resource with first assays due in May 2026.

EV Resources (ASX: EVR) pushes forward its Mexico Antimony Hub with 11 diamond drill holes completed at Los Lirios, a new near-surface vein discovered, and Tecomatlán plant refurbishment progressing toward a 2H 2026 start.

Element 25 has secured $18 million through a share placement to fund the expansion of its Butcherbird Manganese Project, aiming to increase output to 1.1 million tonnes annually and support its US battery-grade manganese facility.

Jameson Resources has secured A$3 million through a discounted share placement to advance critical environmental approvals and Indigenous engagement for its Crown Mountain coal project in British Columbia, aiming to submit the final application by late 2026.

Champion Iron has finalized its US$300 million acquisition of Norwegian iron ore producer Rana Gruber, securing over 92% ownership and setting sights on full integration and delisting. The deal enhances Champion's high-purity iron ore portfolio and strengthens its position in the green steel supply chain.

Aldoro Resources Ltd (ASX: ARN) has announced assay results from drill hole DD005G at its Kameelburg project in Namibia, confirming 537 metres of continuous rare earth elements, strontium, and niobium mineralisation across the entire carbonatite system including the previously untested central core.

Black Canyon Limited has reported encouraging beneficiation testwork results from its Wandanya manganese project, achieving manganese oxide concentrate grades exceeding 40% using simple density-based methods. The company has also commenced a 15,000m drilling program alongside environmental surveys, progressing the project towards scoping-level economic evaluation.

Capricorn Metals delivered 30,358 ounces of gold in Q3 FY26 at the Karlawinda Gold Project, aligning with its mine plan and progressing the Karlawinda Expansion Project with peak construction activity.