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China is expected to ramp up domestic iron ore sources while enhancing the utilization of scrap steel and housing more overseas mining assets to safeguard the supply of iron ore, a key raw material for steelmaking, experts said.
China's major steelmaker Ansteel broke ground on a 22.9-billion-yuan ($3.25 billion) underground iron ore mine project in Northeast China's Liaoning province on Wednesday.
China breaks ground on major underground iron ore mine project-
SHENYANG, Nov. 16 (Xinhua) -- China major steelmaker Ansteel broke ground on a 22.9-billion-yuan (about 3.25 billion U.S. dollars) underground iron ore mine pro
In a bid to gain control over iron ore prices, Beijing has created a new state-owned mineral giant ...