13
Jan
07:59
Baowu targets joint development of iron mines
The chairman of China’s Baowu Group, Chen Derong, says that Chinese steel companies should unite to develop their own iron mines to reduce the impact of global iron ore prices. He was speaking at the first meeting of the sixth session of the China Iron & Steel Industry Association held on 11 January, Kallanish notes.
He notes that China's average iron ore import price surged to over $90/tonne in 2019, but the production costs of f…
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Anonymous
Very good overview of the weekly steel market.
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