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Australian resources firm BHP and Japanese trading house Mitsubishi plan to sell the 12mn t/yr Blackwater and 2.5mn t/yr Daunia mines from their BHP Mitsubishi Alliance (BMA) joint venture in Queensland.

US steelmaker Nucor kept its plate prices flat last week in its latest price announcement for the products.

US steelmaker Nucor has raised its flat rolled steel prices by $100/short ton (st) and set a minimum target price of $1,000/st for hot rolled coil (HRC) products.

The total amount of investment will be US$125 million.

Production rose by 1.3pc year on year, with an output of 384,000t in 2022 compared with 379,000t in 2021.

Steelmaker Nucor rolled its first plate at its new mill in Brandenburg, Kentucky.

India's largest iron ore producer NMDC has raised its iron ore prices for January, the second straight month of increase.

Australian resources firm IGO has resumed mining and processing nickel following a 3 December fire at its Nova operation in Western Australia (WA).