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Home / Metal News / Ansteel Holds 8.8 Billion mt of Iron Ore Resources! Ansteel Believes Supply and Demand for Iron Ore Will Further Ease!
Ansteel Holds 8.8 Billion mt of Iron Ore Resources! Ansteel Believes Supply and Demand for Iron Ore Will Further Ease!
May 22, 2025 19:54Source:SMM
Recently, Ansteel Iron & Steel Group Co., Ltd. stated in an investor relations activity that the company's iron ore concentrates purchases mainly come from Ansteel Group's own iron ore mines and imports, with the proportion of purchases from Ansteel Group's own iron ore mines being higher than that of imported iron ore.
Recently, Ansteel Iron & Steel Group Co., Ltd. stated during an investor relations activity that the company's procurement of iron ore concentrates mainly comes from Ansteel Group's own iron mines and imports. The proportion of procurement from Ansteel Group's own iron mines is higher than that of imported iron ore. The imported iron ore concentrates are primarily based on long-term agreement ores, supplemented by seaborne cargoes and spot cargoes. On May 21, Ansteel Iron & Steel Group Co., Ltd. indicated that iron ore prices are influenced by various factors, including supply and demand. With the advancement of the overall intelligent and green transformation of China's steel industry, the demand for iron ore will gradually decrease, and the supply and demand of iron ore are expected to further ease.
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