Tag: Steel Industry

China–Rio Tinto Deal: Buyer Power Rises, Iron Ore Outlook Remains Cautious
October 31, 2026

China–Rio Tinto Deal: Buyer Power Rises, Iron Ore Outlook Remains Cautious

Neo Metaliks is a leading pig iron producer. We also publish clear, reliable steel market updates that turn complex industry trends into simple, credible insights. China’s state-backed buyer, China Mineral Resources Group (CMRG), has agreed a long-term iron ore supply deal with Rio Tinto covering November 2026 to May 2028, according to media reports. Contract […]

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Middle East War’s Impact on Global Freight Costs: What You Need to Know
May 25, 2026

Middle East War’s Impact on Global Freight Costs: What You Need to Know

Before the war broke out, energy markets were relatively calm. Brent crude was trading comfortably in the low $60s, and analysts were predicting a surplus year. That changed almost overnight. Oil prices nearly doubled in under 45 days, climbing from $71 to over $138 per barrel by early April 2026. Marine bunker fuel at major […]

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