"Baosteel: The company has always had a good cooperative relationship

Published: Nov 21, 2023 13:34

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"Baosteel: The company has always had a good cooperative relationship with iron ore enterprises in Xinjiang with a relatively stable supply. Baosteel stated on the interactive platform on November 21 that the supply of iron ore in Xinjiang has obvious regional and seasonal characteristics. Recently, due to seasonal effects, the operating rate of mines in Xinjiang is low. Influenced by factors such as limited import transportation volume, high cost of cross-provincial procurement, and price transmission outside Xinjiang, the supply and demand relationship of regional iron ore in the fourth quarter is tight, and prices have risen. The company has always had a good cooperative relationship with iron ore enterprises in Xinjiang, with a relatively stable supply. The two parties are also seeking a pricing model that is more suitable for the characteristics of the Xinjiang region, in order to promote the equal survival and development opportunities of the entire industry chain on the basis of achieving reasonable profits for the company."

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