shanghai jul 29 (smm) – low-grade nickel ore with fe content of around 50% is limitedly practicable to replace iron ore as the feedstock in steelmaking while growing prices of iron ore squeezed margins at steel mills and domestic imports of low-grade nickel ore climbed. customs data showed that
china's economic growth declines to 6-year low. they noted the volume of imports of iron ore oil and some other raw materials increased slightly suggesting construction and manufacturing robert downey jr. gives young fan 3d-printed iron man arm
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at present there is an export duty of 30 per cent on low-grade iron ore. iron ore is a key ingredient in steel making. further sharma was of the view that as against the production of 155.90 million tonnes (mt) of iron ore in 2015-16 domestic demand is only 115 mt.
while chinese steel mills may well be seeking to boost the use of high-grade iron ore fines and pellets this isn’t exactly showing up in the import numbers.
but chinese steelmakers prefer imports for other reasons. because the ore is of such a low quality – falling from an average above 30% to a only 21.5% iron content – the bulk of chinese fines