Wed, 2019-08-21 02:44
BEIJING: China’s demand for iron ore pellets and high-quality ore is expected to accelerate in 2020 as a result of Beijing’s push to shift dozens of steel mills to coastal regions in its battle to stop smog blanketing industrial cities.
Relocating plants to the coast, with stricter environmental requirements, means up to 20 percent of China’s more-than-a-billion-ton annual ore demand will shift from lower- to higher-grade ores, according to industry sources and a Reuters analysis of official import and production statistics.
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