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Home / Metal News / Ansteel Chairman: Fund needed to support China's iron ore market development

Ansteel Chairman: Fund needed to support China's iron ore market development

May 25, 2020 14:21

Source:SMM

China should step up efforts to develop a national resource security strategy for domestic iron ore in order to support the development of the iron ore market and enhance the mineral resources guarantee capability of China, said Tan Chengxu, chairman of Ansteel Group and a deputy to the National People's Congress (NPC).

SHANGHAI, May 25 (SMM) – China should step up efforts to develop a national resource security strategy for domestic iron ore in order to support the development of the iron ore market and enhance the mineral resources guarantee capability of China, said Tan Chengxu, chairman of Ansteel Group and a deputy to the National People's Congress (NPC).

Tan suggested that stimulus measures are needed such as reducing the value-added tax rate and setting up a national iron ore development support fund.

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Iron ore

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