The stronger pricing environment is more than offsetting the higher costs, with most firms guiding for a much more profitable January-June than July-December.

Fortescue shipped 3.42mn dwt, up from 3.01mn dwt the week before but 3pc below its average of 3.54mn dwt.

Buyers started cutting the proportion of direct-charge materials in January — first reducing pellet usage and then lowering the lump proportion, sources said.

The pilot programme might not affect the ratio of iron ore in mills' blends, which has seen less direct-charge use recently, but total output might be reduced, a mill iron ore buyer said.

The actual control Party of phase III project is Jiangsu Yongjin, which is planned to hold 51% - 70% of the total shares.

On March 1, Qingshan industry signed a high nickel matte supply agreement with Huayou cobalt Co., Ltd. and Zhongwei Co., Ltd. in October 2021, Qingshan industry will supply 60000 tons of high nickel matte to Huayou cobalt Co., Ltd. and 40000 tons of high nicke...

Recently, Baosteel won the bid for about 55000 tons of steel for Changtai Yangtze River Bridge.

Recently, Qingtuo 16mm thick 2205 stainless steel plate has successfully bent angle steel in Daming Jingjiang base.