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CN Lifts Ban on Buying Iron Ore Produced by BHP: Report
China has lifted its ban on the procurement of iron ore produced by BHP, Reuters reported, citing sources.As indicated by the sources, China Mineral Resources Group, a state-owned ...
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China has lifted its ban on the procurement of iron ore produced by BHP, Reuters reported, citing sources.

As indicated by the sources, China Mineral Resources Group, a state-owned iron ore buyer, has notified certain domestic steel mills that they are allowed to purchase seaborne cargoes from BHP. Shipments from BHP that were previously affected by the ban can be received as early as next week.

Related NewsGDP Growth Rate YoY for Q1 in China is 5.0%, higher than the previous value of 4.5%. The forecast was 4.8%.
Last week, BHP's senior management team visited China and met with officials from China Baowu Steel Group and Aluminum Corporation of China.

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