Hebei Iron and Steel Group, as the lead party in the Chinese side and South African Industrial Development Corporation, purchased South Africa PMC company’s 74.5% equity interests which were once held by Rio Tinto and Anglo American.

Since January 1, 2013, China will adjust part of steel import and export tariffs, and from the import and export tariff items and adjusted table ,it shows that some of the boron-containing steel products is included.

The renovation and expansion planning project of Anshan Iron and Steel Group Company’s old quarter iron ore mine,whose total investment is18.616 billion yuan ,was approved by the National Development and Reform Commission.

It is announced by the Ministry of Industry and the National Energy Board that it obsoletes ironmaking outdated capacity total up to 31.92 million tons,and steelmaking 28.46 million tons in 2011.

The Fengtai Metallurgy steel project ,whose total investment is84 billion yuan, is under construction and it is estimated that the out put will up to 300 million tons after the completion.

                                                                                             XINSTEEL NEWS