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.

Most Recent Related Articles

Ex-CIS billet prices under pressure from weak demand, negative sentiment in scrap

India’s ArcelorMittal Nippon Steel bids to secure iron ore mines in Odisha

China’s HRC output up 10% in 2019, CRC output rises by 3.5 percent

Short sea scrap price down sharply in fresh deals to Turkey

US import HDG still holding steady