In 2009, the production of iron, steel and steel products from Ansteel amounted to 20.5095mln tons, 20.1266mln tons and 18.9979mln tons respectively, all set best level historically, thereinto, the annual output of iron and steel firstly exceeded 20mln tons.

Under the impact of the financial crisis, the steel price slumped
significantly, contracts shrank seriously and the cost pressure was
unprecedented. Ansteel set principals of “production dependent on
sales, exploiting dependent on production”, adhered to expanding
foreign market, enhanced inside management and production organization.

Under the situation of the shrinking export, the company actively
adjusted marketing strategy, increased the development of the domestic
market and expanded market shares of the products. Especially Ansteel’s
Bayuquan steel area, after put into production ten months later, the
lines of iron, steel and HRC operated fully and the annual production
of iron and steel both exceeded 5mln tons.

In 2009, Ansteel achieved
revenue income of 77bln yuan and profited 3bln yuan. Ansteel Mining
Corp promoted high quality material base construction, the cost of iron
ore fine made by Ansteel reduced less than 500 yuan per ton which
firstly connect with international ore price.

Source: MetalBiz

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• Construction starts on new 10 million tonnes / year Australian iron ore mine

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• 4Q Ferrexpo iron ore output by 24.3% to 7.66 million tonnes

    Ferrexpo PLC, a U.K.-listed, Swiss-registered iron ore miner with operations in Ukraine, Friday said its fourth quarter iron ore production was up 24.3% to 7.66 million metric tons year-on-year. Ferrexpo’s iron ore production in the fourth quarter of 2008 was 6.16 million tons. “Slow but steady recovery in European steel

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• Crude steel production is expected 600 million tonnes in 2010: CISA

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• Essar Steel: iron ore purchases from Rio Short-Term Arrangement

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• Baosteel Group to Build Steel Base in Xinjiang

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• 2009 Japan s crude steel production slipped by 26.3% yoy

    The data on January 20 showed that in 2009, Japan’s crude steel production was 87.53mln tons, first less than 90mln tons since 38 years ago. Compared to 2008, the output decreased by 26.3%, becoming the consecutive two declines year-on-year, the falling extent created a new highest since 1998.

• China s steel exports broke 3mln tonnes in December 2009

    According to the latest statistics from Customs, China exported steel of 3.34mln tons in December of 2009, up 490,000 tons from November, up 5.36% from a year earlier.