TISCO and Dongfang Electric signed a strategic cooperation agreement

The two major iron and steel enterprises in northern Guangdong are linked

The contradiction between supply and demand in the steel market will be further eased

All 7 450m3 blast furnaces in Tangshan City are eliminated

The new offer for HDG, with immediate effect, will be €900/t base, while CRC will be offered at €870-880/t.

Australian iron ore exploration spending rose to A$395.5mn in 2020 from A$349.6mn in 2019 and A$300.9mn in 2018.

The firm is still investigating a high gas level incident that closed Moranbah North on 20 February.

The lack of availability in high vol A is expected to lend support to miners with high vol B volumes to offer.