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2 · Australian miner Fortescue Metals Group won a tender to supply HBIS Group Co Ltd with an iron ore spot cargo that will be paid for in yuan, the Chinese steelmaker said on Monday.

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Iron ore feasts on China's debt binge

Jul 14, 2020· Buried within China's surprisingly good June trade data was a number that would have brought a smile to iron ore traders and the heavyweights of Australia's mining industry: 35.3 per cent.

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SHANGHAI, Aug 9 (SMM) – Iron ore stocks across Chinese ports declined this week, as sharply lower prices prompted steelmakers to ramp up purchases in the second half of the week. SMM data showed that stocks across 35 Chinese ports shrank 1.29 million mt from a week ago and 31.45 million mt from a year ago, to stand at 107.84 million mt as of ...

Iron ore pushes higher on China demand, supply concerns

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Australian miner Fortescue wins HBIS iron ore tender in yuan

1 · HBIS unit Hebei Iron & Steel International Holding notifiedFortescue, the world's fourth-largest iron ore miner, by emailthat its offer for 30,000 tonnes of super special fines had beenaccepted, HBIS said in a statement, without putting a value onthe deal.

Baosteel, Rio Tinto ink yuan-based iron ore deal

China iron ore miners take another swing at taxes . Despite its pleas, a source at CISA says it had not received a response from the ministry. In 2010, Sun Mu spent nearly 200 million yuan ($32.3 million) (US:USDCNY) on an iron ore mine in Chengde, Hebei Province, with annual production of about 300,000 tons. However, after less than three years he was ready to sell.

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Jun 23, 2020· Baoshan Iron and Steel Co Ltd (Baosteel), a subsidiary of China Baowu Steel Group, completed a 100 million yuan ($14.1 million) iron ore settlement deal via blockchain technology with mining giant Rio Tinto Plc, after inking yuan purchase deals with Brazil's Vale in January and Australia's BHP Group in April.

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Aug 10, 2020· China has been trying to gain influence over pricing of iron ore. Its top steel producers have completed several iron ore purchases denominated in yuan this year. The transaction "opened up a new channel for steel mills to lower purchasing costs," HBIS, China's second-biggest steelmaker, said in the statement.

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May 25, 2020· China is the world's top iron ore consumer, with its demand set to hit 1.225 billion tonnes in 2020, according to a government think tank. But it has a heavy reliance on imports, having shipped ...

Iron ore prices tumble across the board | Business Insider

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Australian miner Fortescue wins HBIS iron ore tender in yuan

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