TISCO and Dongfang Electric signed a strategic cooperation agreement

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

All 7 450m3 blast furnaces in Tangshan City are eliminated

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

Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying.

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

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