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[Ferro-Alloys.com] Eurasian Resources Group (ERG) has been exploring opportunities with strategic Chinese partners to cooperate on several big-ticket projects in a move to further grow its network in the country, its chairman said. ERG is an international metals and mining company.
A strategic collaborative agreement was reached between China Baowu Steel Group and the Shanghai Futures Exchange on Tuesday to make spot transactions and futures trading of metal accessible at both of their trading platforms, senior executives of the two companies said.
If you can't beat 'em, join 'em, is the view on US Steel's move to partner up with Big River Steel, from Curt Woodworth, equity research analyst at Credit Suisse.
He -- like other analysts -- also points out that the deal comes at a weak point in the steel sheet market cycle.
India has made it mandatory for mining leases granted to state-run companies to be renewed for up to 20 years, the steel ministry said Tuesday, thereby ensuring iron ore production will be secure as several leases were due to expire in March 2020.
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- [Editor:kangmingfei]
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