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Car flies through Hamilton intersection, ploughs through iron gates into parked cars

Four cars damaged in the Dinsdale crash. ....

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GRAPHIC-China steelmakers snap up high-grade iron ore on strong profits

Demand for high-grade material fuelled by strong profit
China ex-Hebei province March pig iron production up
BEIJING, April 26 (Reuters) - Top-grade iron ore with 65% iron content is selling at a record spread over ores with 62% and 58% ferrous content, while the spread between benchmark 62% ore and lower-grade 58% ore has risen to a four-year high.
High-grade 65% iron ore currently costs $66.50 per tonne more than 58% iron ore and $33.50 more than 62% ore, according to data from SteelHome, but is still attractive for mills as their profit margins have risen this year.
“Steel companies are chasing higher production now as they are profitable,” said a Shandong-based trader who refused to be named. “Demand for low-grade ores is not very good, we are not keen to take those products.” ....

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UPDATE 1-China Baosteel posts biggest profit increase in nine quarters on firm demand, cost cuts

China's biggest listed steelmaker Baoshan Iron & Steel's net profit surged 247.8% in the first quarter to its highest since the fourth quarter of 2018, the company said on Monday, thanks to robust steel consumption and cost reduction efforts. ....

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