Hunan Valin Steel seeks to adapt to rises in iron ore prices

Monday, 22 July 2019 14:27:04 (GMT+3)   |   Shanghai
       

Hunan Province-based Chinese steelmaker Valin Iron and Steel has outlined three ways by means of which it aims to cope with the rises in iron ore prices. First of all, Valin Steel will choose the right time to make purchases for iron ore based on predictions for iron ore prices. Secondly, it will adjust the iron content of the iron ore it uses in order to reduce the purchase cost of iron ore. Thirdly, it will keep its iron ore inventories at low levels to reduce the amount of capital tied up in ore stocks.


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