10
Sep
01:00
Australia's Iron Road signs on 5 Chinese mills
Australia’s Iron Road has signed MoUs with five Chinese steel mills and an agreement with Shandong Iron and Steel (Shangang) which could eventually lead to an offtake agreement. The signings take the company’s 21.5 million tonnes/year Central Eyre Iron Project closer to realisation, Kallanish notes.
The $4 billion iron ore project could produce 21.5m t/y of 67% Fe magnetite for 25 years once it is completed. Iron Road hopes to start construction …
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Very good overview of the weekly steel market.
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