LOW-GRADE IRON ORES LURE MORE EYES IN CHINA

AsiaInfo Services
02-27-2008
Low-grade Iron Ores Lure More Eyes in China

JINAN, Feb 27, 2008 (SinoCast via COMTEX) -- Low-grade iron mines raise more concerns in China, when the international iron ore price keeps growing.

Compared with the cold shoulders they previously faced, low-grade iron ores start coming into the furnace of some Chinese steel makers now, although they have to suffer some impact on their smelting equipment. After all, low production cost has a louder voice.

Some survey finds that almost all provinces in China are trying to exploit iron resources by themselves, spurred by the flying iron ore price, and their eyes even move to the iron …