Source: sina
According to Mr Deng Qilin board Chairman of Wuhan Steel noted on March 6th that the company would purchase iron ore mines in Australia and Cambodia. However, details aren't provided. Meanwhile, Wuhan Steel is to take part in iron ore project in Madagascar. And the mill still waits for notice after local government put off the public bidding.
Despite these, Mr Deng president of China Iron & Steel Association told to the media that the two rounds of iron ore talks ended without results. But, the pricing power leans to China, due to weak situations remain in occident and Japanese markets. To be clear, those ore exporters have to cut price to maintain their businesses. He added Wuhan Steel had suggested Ministry of Commercial to further elevate the rebate for quality steel export.
He still hopes that Govs will underscore the elimination of obsolete capacity, the release of quality capacity and the deeper regroup in steel sector.
Despite these, Mr Deng president of China Iron & Steel Association told to the media that the two rounds of iron ore talks ended without results. But, the pricing power leans to China, due to weak situations remain in occident and Japanese markets. To be clear, those ore exporters have to cut price to maintain their businesses. He added Wuhan Steel had suggested Ministry of Commercial to further elevate the rebate for quality steel export.
He still hopes that Govs will underscore the elimination of obsolete capacity, the release of quality capacity and the deeper regroup in steel sector.
1 comment:
stop destroying the earth; how about recycling for a change! hello!
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