Steel industry - outraged at announcement to increase iron ore prices
The European steel industry is outraged at the announcement by the iron ore industry to massively increase iron ore prices by 80 to 90 percent compared to today's price levels for fines and even more for lump and pellets, says EUROFER.
The Chinese Iron and Steel Association has stated that Jiangsu Province-based Chinese steel producer Nanjing Iron and Steel Co. is planning to build a new steel mill, including a continuous casting workshop, with an annual steel production capacity of 3.5 million mt.