South Korean steelmaker
Hyundai Steel has announced that it is seeking to import
iron ore from the Port of Manzanillo in
Mexico, according to a statement by the Port Authority of Manzanillo.
The port statement said that the first
iron ore shipment of 70,000 mt could be made at the end of this year. At the first stage,
Hyundai Steel is planning to import 210,000 mt of
iron ore per month from the port.
Hyundai Steel has been working with mining companies in the region for the last two years. The company is also considering building its own
iron ore processing plant in
Mexico to later export processed material to its South Korean plants.