27
Jul
11:16
Xinyu Steel completes first blockchain iron ore import
China’s Xinyu Iron & Steel (Xinsteel) has recently completed a blockchain transaction for $37.1 million of iron ore, which is also the first landing of an iron ore blockchain cross-border trade in Jiangxi Province, Kallanish notes.
The transaction was carried out through EFFITRADE, the cross-border trade financial service platform of Shanghai Ouyeel Financial Information Services, a subsidiary of Baowu Group. It is used for iron ore imports from Australi…
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Anonymous
Very good overview of the weekly steel market.
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