JISCO Hongxing Steel to build ore fines roasting and dressing line

Gansu Province-based Chinese steel producer Hongxing Steel, a listed subsidiary of Gansu-based steelmaker Jiuquan Iron and Steel Group (JISCO), has announced that it has decided to invest RMB 480 million ($72.29 million) to build an iron ore fines roasting and dressing production line. The construction will be financed by the company’s own funds and by bank loans. The production line in question will be able to process 1.65 million mt of ore fines per year.