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China’s State-Backed Iron Ore Giant Says Prices Are Too High

Listen. 2:11. Iron ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the state-backed firm trying to boost Beijing’s ...1:32. Iron ore declined after its longest streak of weekly gains since January, hit by Beijing’s latest warnings about increased market supervision as its seeks to curb price rises. The ...Iron Ore Falls as China Warns of More Supervision to Curb PricesChina spent about $180 billion on iron ore imports last year. The new entity will house outbound investments such as the Simandou iron ore project in Guinea, seen by China’s leaders as the best ...China Plans Iron Ore Giant to Assert Market Control - Bloombergاحصل على السعر

China wants to rewire its billion-ton iron ore trade

China imports 1.1 billion tons of iron ore annually, at a cost in 2021 of about $180 billion. There are about 500 steel mills in China, of which the top 10 companies only contribute 40% of...A new state-owned company called China Mineral Resources Group is poised to become the world’s biggest iron ore buyer as soon as next year, when it will begin consolidating purchases on behalf of about 20 of the largest Chinese steelmakers including leader China Baowu Steel Group Corp., according to people familiar with the situation.China's New Iron Ore Buyer Sets Off Biggest Shakeup in Years20 September 2023 BHP has officially celebrated the shipment of three billion tonnes of high-quality iron ore to China, hosting key customer representatives on a tour of BHP’s Pilbara and Port Hedland operations in Western Australia, and at a gala event in Perth.BHP celebrates delivery of three billion tonnes of iron ore to Chinaاحصل على السعر

Iron Ore Prices: China’s Fight With Iron Ore ‘Guerrillas’ Triggers ...

Iron ore had risen more than 60% from mid-November to smash through $150 a ton last week, triggering initial actions by regulators including port checks, higher futures trading fees and a warning ...احصل على السعر