China’s steel mills thriving

Original article by Glenda Korporaal
The Australian – Page: 20 : 8-Nov-18

Fortescue Metals Group Elizabeth Gaines says the trade war with the US has not affected China’s steel production, which was higher than expected in September. Gaines adds that China’s infrastructure investment program has been a key driver of the high level of steel production, which in turn has prompted a rally in the iron ore price. Fortescue has signed memorandums of understanding with eight public and private steel mills at the China import expo in Shanghai.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, BAOWU STEEL GROUP, HEBEI WENFENG IRON AND STEEL COMPANY LIMITED

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