According to Bloomberg, CISA Vice President Xia Nong stated that, following a meeting last month with Chinese producers and government officials, the association will focus on ensuring the stability of domestic mines and accelerating structural reforms that will strengthen supply security in the steel sector.
China imports more than 1 billion tons of iron ore annually, working with major miners worldwide. In October, China’s iron ore imports decreased by 4.31% compared to the previous month, but increased by 7.19% year-on-year, reaching 111.309 million tons. From January to October, iron ore and concentrate imports rose by 0.7% compared to the same period last year, totaling 1,028.886 million tons. However, the Beijing administration has established a state-backed centralized purchasing company to reduce import dependency and maintain control over price fluctuations.
In addition, it was announced today that the first iron ore shipment from the Simandou project set off to China early this morning from Guinea’s Port of Marea, carrying a cargo vessel loaded with 200,000 tons of high-grade iron ore.
Yorumlar
Henüz yorum yapılmadı