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Chinese steel mill still buying low grade iron ore – BCI Minerals-The 19th China (Guangzhou ) Int’l Casting product Exhibition
3/27/2018 铸件展-casting expo-Die-casting expo-foundry expo |
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Bloomberg reported that low-grade iron-ore that has fallen out of favor with many of China’s steelmakers is still in demand as mills keep buying the cheaper product, according to a junior Australian supplier. BCI Minerals is selling all it’s lower-grade product at normal rates, CEO Mr Alwyn Vorster said in an interview in Perth that “Mills are still buying, demand is there. There is not a major change in which mills are buying.”
Mr Vorster expects the discount for lower grade ore to continue. Mr Vorster said that “We work on the basis that we need to prepare for this to be longer term.”
Mr Vorster said that “For the rest of this year we have to forecast and budget that it is a structural change.”
Mr Vorster said that “They want to pursue profits and they cannot lose money. When premiums are too high they will buy more low grade ore.”
铸件展-铸件采购会-国际铸件展-2018第十九届广州国际铸件展会-巨浪展览
-The 19th China (Guangzhou ) Int’l
Casting product Exhibition
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