SHANGHAI, Mar 17 (SMM) - On the morning of March 14, Jingye Group's global iron ore concentrates procurement department signed a 2023 annual cooperation agreement with Hainan Mining. It is the second steel mill to sign an annual strategic cooperation agreement with Hainan Mining after Baosteel.
According to the agreement, Hainan Mining shall supply 360,000 mt of iron ore concentrates to Jingye Group headquarters, its Jieyang base, and the base in north Guangdong. Jingye Group can reduce its costs through bulk purchases.
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