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03 Mar
11:30

Baowu agrees strategic coal procurement from Russia’s Sibanthracite

Chinese steel giant Baowu Group has reached a strategic partnership agreement with Russian coal producer Sibanthracite Group through Baowu's raw material purchasing subsidiary Baosteel Resources. The trade dispute between China and Australia has caused the supply of Australian coal to be interrupted, meaning Chinese steel mills have to find new alternatives, Kallanish notes. Under the agreement terms, Sibanthracite Group will increase supp…
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