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China Hebei Iron and Steel Group Win Approval For Merger
Three listed units of China’s Hebei Iron and Steel Group, the world’s fourth-largest steel maker, said on Tuesday they had won regulatory approval to combine, forming the country’s No.2 listed steel maker.
The Chinese government has sought to consolidate its fragmented steel industry, as it seeks to bulk up bargaining power in iron ore annual price [...]
Chinese Steel Industry Increase Demand and Iron Ore Mine Import
A Chinese domestic steel mill, Tangshan Ganglu Iron and Steel Co., Ltd., has been using 100 percent imported iron ore in production since March — though in January, domestic iron ore made up for about 30 percent of the total raw materials.
Chinese Recovering Iron Ore Import and Market
Sinosteel, China’s biggest iron ore importer and trader, says the Chinese ore market is recovering and it wants to “accelerate” shipments from Australia.
17 iron ore projects in China Under Construction
A total of 17 iron ore projects (each with a capacity of above two million tons) are now under construction in China, which is to release a total production capacity topping 120 million tons upon operation in the coming 2-3 years, said Zhou Jian, chairman of Metallurgical Mines Association of China (MMAC).
China Says Iron Ore in Surplus in 2009, Price to Fall
China, the world’s largest iron ore consumer, said the global market will be in surplus in 2009, one year earlier than expected, as the credit crisis slows economic growth and orders from steelmakers.
“It’s clear where iron ore prices will be going,” Liang Shuhe, deputy director of foreign trade at China’s Ministry of Commerce, said today [...]
Iron Ore Mine Exploration and Steelmaker Future in China, Two Chinese Steel Companies Merge
China is the world’s biggest steel producer and consumer but many of its mills are dirty and inefficient. The government is trying to promote efficiency through consolidation and hopes bigger producers can strike better deals with foreign iron ore suppliers at a time of record prices.
The new state-owned Hebei Iron and Steel Group [...]
