07
Apr
01:00
Bengang in iron ore investment as others struggle
Northern China’s Benxi Iron and Steel (Bengang) began production at a new ore grinding and separation unit on 31 March, part of a plan to expand the output of higher-value ore at its Nanfen mining subsidiary. It is one of the few Chinese miners in a position to expand however, as reports continue to list troubled miners making significant losses, Kallanish notes.
As an open pit mine, Nanfen has a cost advantage over most Chinese iron ore mine…
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Very good overview of the weekly steel market.
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