China Should Invest More in Overseas Iron Projects, Says NDRC

Reuters reported that China’s National Development and Reform Commission (NDRC) believes that if the country invests more in overseas iron-mining projects, it will be able to “improve the balance between iron ore and steel prices.”

As quoted in the market news:

The document recommended the establishment of an investment fund to support local enterprises in the development of overseas mining projects, and in building steel mills and other heavy industrial projects abroad to reduce domestic iron ore use.

Click here to read the full Reuters report.