china group for reduction iron ore slrn
China establishes mineral resources group to centralise
On 19 July 2022, China formally established the China Mineral Resources Group (CMRG), a company which is set to become China’s central purchaser of iron ore with the stated aims of centralising iron ore
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China Mineral Resources Group Says High Iron Ore Prices Are
2023.11.7 Iron ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the state-backed firm trying to boost Beijing’s sway over prices.
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China mulls setting up iron ore group to gain bargaining power:
2022.6.24 China Iron Steel Industry Association, or CISA, back in March 2021, proposed setting up a group company to secure overseas iron ore resources, a call that came in a year when iron ore prices saw a wild swing, impacting iron ore supply chains
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China's new state-run agency to start iron ore
2022.12.16 The world's largest steelmaker, Baosteel, has allocated purchasing of more than half its 2023 iron ore imports to the new group, a person familiar with the matter told Reuters on Friday. State ...
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How and Why China Is Centralizing Its Billion-Ton Iron Ore Trade
2022.7.25 China has embarked on one of the biggest shake-ups of the global iron-ore market in more than a decade. A newly minted state-owned group will be a hub for everything from huge mine investments in ...
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