In India,the export tariff rate of iron ore has raised from 20% to 30% since December 30, 2011

Jinan Iron and Steel, Laiwu Steel and Shandong Steel Group's major asset restructuring was approved by the CSRC on December 30, 2011

On January 3,it was informed that TISCO launched the "progressive" reorganization with Xingyuan  Steel

On Jan. 9, though discussing, the State Council passed the "western development" 12th Five-Year Plan "and" Northeast revitalization "12th Five-Year Plan"

The spot trading platform of Chinese iron ore was officially launched on January 16

The Ministry of Housing, the Ministry of Industry demand to obsolete the 335 MPa grade steel the construction work, use the 400 MPa grade steel in preference,and promote the 500 MPa grade steel actively

On January 21, the Ministry of Industry disclosed that the joint restructuring plan of Tangshan Bohai Steel Group has been officially approved and basically completing the joint reorganization by the end of 2012.

                                                                                  XINSTEEL  NEWS