China Mineral Resources Group Purchases Iron Ore Intensively

Published: Mar 20, 2023 14:00

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The Chinese government plans to entrust state-owned iron ore import rights to China Mineral Resources Group.

The Chinese government plans to entrust state-owned iron ore import rights to China Mineral Resources Group, which will be responsible for iron ore import negotiations and establishment of iron ore reserves. On March 8, Maanshan Iron and Steel Co., Ltd. also disclosed on the investor relations platform that Maanshan Iron and Steel has purchased imported iron ore through China Mineral Resources Group. According to media reports, Baosteel has allocated half of its iron ore purchases in 2023 to China Mineral Resources Group.

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