Baosteel expects iron ore prices to remain high

Mineweb.com reports that according to executives at Chinese Baoshan Iron & Steel, (SHA:600019)  the price of iron is expected to remain high.

The editorial is quoted as saying:

China’s massive domestic steel sector is expected to face still high costs of raw materials, including iron ore, the major steelmaking ingredient, next year, Ma Guoqiang, the company’s general manager, told an online conference on Monday.

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