Macquarie says January's full set of PMIs looks like a potential turning point for the global industrial cycle.

Rival mining giants said they would jointly investigate the development of a pilot project to decarbonise steelmaking that could be commissioned as early as 2027.

Rio Tinto said that a preliminary investigation found no damage to the shelter at the Mesa C Robe Valley operations.

Steel demand has nearly stalled due to the harsh weather affecting numerous regions throughout China.

Potential candidates for the position include former Vale president Murilo Ferreira.

The deal involves the junta-led government, Rio Tinto, and Winning Consortium Simandou.

The steel industry is wondering why politicians in Washington are eager to cast doubt on the $14.1 billion deal.

The recommendation was part of a report submitted Friday to Vale’s board, which has been weighing whether to renew Bartolomeo’s term as CEO or start a worldwide recruitment process.