Baowu Steel

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Baowu Steel seeks to expand cooperation with Australia

Major iron ore producers are interested in the proposal of the Chinese company

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Xinyu Steel will install two new blast furnaces at its Jiangxi plant

The total capacity of the new blast furnaces will be approximately 4.4 million tons per year

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China’s Baowu Steel seeks to expand ties with Rio Tinto

In 2022, the companies created a joint venture to develop the Western Range project

Major Asian steelmakers reported a decline in revenues in the third quarter

Baowu Steel and CSC expect steel demand to remain weak in Q4 2022

Baowu Steel is teaming up with a Singaporean consortium to develop the Simandu project

The Chinese company is already involved in the development of the southern part of the deposit

China Baowu Steel acquired 51% shares of major steelproducer XinSteel

The deal amounted to 4.26 billion yuan ($630 million)