08
Dec
00:00
Chinese iron ore miners under growing pressure, says CISA
Many Chinese iron ore miners are operating at a loss and must eventually exit the market through bankruptcy, according to Zhu Jimin, vice president of the China Iron and Steel Association (CISA). He was speaking at the Iron Ore Development Forum held by the China Metallurgical Industry Planning and Research Institute (MPI) last week. However, producers have remained remarkably resilient to date, helping keep prices low, Kallanish notes.
China has over-invest…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous