09
Dec
00:00
Chonggang commissions iron ore plant in cost drive
Southwest China’s Chongqing Iron and Steel Group has hot tested a new 400,000 tonnes/year iron ore beneficiation plant at its Chongqing Iron and Steel Group Mining Co. subsidiary. The plant will allow its Chongqing Iron and Steel (Chonggang) sister company to be less dependent on imported ore, Kallanish notes.
Chonggang recorded losses of around Yuan 1.5 billion ($240 million) in the first three quarters of 2014, up from Yuan 945m in the first half. Th…
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Anonymous
Very good overview of the weekly steel market.
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