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Wuhan Steel Holds 40 billion tonnes of iron ore interest - Report
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Saturday, 03 Aug 2013

Deng Qilin, President of Wuhan Iron and Steel (Group) Corp., announced on July 31 the operation at Bong mine, the company’s largest project in West Africa, local media Wuhan Evening News reported on August 02.

Wuhan Steel, the fourth biggest steel maker in terms of steel output, is less than 30% sufficient in iron ore supply. To change the situation, Wuhan Steel is purchasing iron ore worldwide and sign iron ore development and supply contract with multi countries at the same time.

Wuhan Steel holds more than 40 billion tonnes of iron ore interest and is the largest iron ore holder among global steel companies, local media reported.

Source -
China steel information centre and industry database


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