Deng Qilin, president of the China Iron and Steel Association (CISA) and also general manager of Chinese steelmaker Wuhan Iron and Steel Co. (WISCO),

stated on February 6 that efforts would be made to strengthen
discipline in China’s iron ore importing activities so as to improve
China’s efforts at the annual iron ore price talks. In this context,
Mr. Deng said that speculation on iron ore imports should be punished
by the government.

The CISA official said that China would actively implement an agent
system for importing iron ore so as to regulate the quality, quantity,
price and trade flow of imported ore.

“Those who seriously disturb the market order for imported ore by
speculating on imported ore and making great profits should be punished
by the government,” said Mr. Deng.

Meanwhile, Deng also emphasized that China would by various means make
active efforts to build up its overseas base for stable iron ore
supplies and would support domestic miners in carrying out exploration
for iron ore in China.

Source: SteelOrbis

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• CISA hopes to close, u0026quot for iron ore

    Deng Qilin, president of China Iron and Steel Association (CISA) as well as the general manager from WISCO pointed that CISA hoped to conclude the iron ore price specially for China rather than follow the price signed by other Asian steel enterprises and international mines. CISA and relevant departments are

• CISA: iron ore negotiations will normally

    The 2010 iron ore pricing negotiation between Chinese steel producers and ore giants are going on in a “normal and natural” manner, Beijing Morning Post cited Deng Qilin, vice chairman of China Iron and Steel Association (CISA) and general manager of Wuhan Iron & Steel Group (Wugang). Deng’s words scotched

• CISA: China should approve two new steel production base

    Deng Yilin, president of the China Iron and Steel Industry Association (CISA) and also general manager of Chinese steelmaker Wuhan Iron and Steel, has lately argued for the approval of the projects for new steel production bases at Zhanjiang and at Fangcheng Port. The Zhanjiang steel project in Guangdong Province

• WISCO equity ore overseas reach 3bln tonnes

    Reporters learned from WISCO that the company participated in iron ore development cooperation in oversea market frequently and the equity resource is expected to reach 3bln tons, which is equivalent to more than five times of China’ s iron ore import in last year. Last year, WISCO expected to produce

• Beijing to build 5 coal reserve bases

    Beijing will soon release its plans for local coal reserve bases, which will likely be built in Changping, Fangshan, Miyun, Daxing and Shunyi, according to the Beijing Development and Reform Commission. The scale of the coal reserve bases will be based on 10% of Beijing’s annual coal consumption, said Deng

• China coal, iron ore import surges in January

    China’s coal and iron ore imports surged in January, according to General Administration of Customs of China. In a statement issued here, it said the country imported 16.07 million tons of coal in January, nearly five and a half times the amount it imported in January 2008.

• Low-price and poor quality of imported ore would ensure

    Since this year, the recovery of domestic economic situation spurred the increase of bulk mineral products’ export. As an important port for iron ore export in China, Yantai’ s iron ore import increased significantly since this year. Till now, Yantai inspection and quarantine bureau inspected imported iron ore of 10.18mln tons totally,

• Low-price and poor quality of imported ore would ensure

    Since this year, the recovery of domestic economic situation spurred the increase of bulk mineral products’ export. As an important port for iron ore export in China, Yantai’ s iron ore import increased significantly since this year. Till now, Yantai inspection and quarantine bureau inspected imported iron ore of 10.18mln tons totally,

• China September steelmaking Falls In August

    Steel production in China, the world’s biggest maker, dropped in September from a month ago as a price decline prompted mills to cut output. Daily steel output was 1.64 million metric tons, down 40,000 tons from August, Shan Shanghua, secretary general of the the China Iron & Steel Association, said

• China predicts 10 billion tonnes of iron ore reserves

    Exploration work in the eastern region of north China’s Hebei Province shows potential iron ore reserves in this area is estimated to top 10 billion tonnes, the China Metallurgical Geology Bureau (CMGB) said Saturday.

• Ashdod Port: container terminal handled 77,967 TEU from China in 2009 imported

    Ashdod port company published last week its 2009 statistics showing China as its largest source of container handling activities. The port handled TEU 77,967 imported from China (807,000 M/T) compared to TEU 1,023 exported to China. Turkey was the second largest source of containers imported with TEU 45,510 (638,000 m/t).

• China imported iron ore stocks were flat this week

    Imported iron ore inventories at China’s major ports stayed almost flat this week, rising by less than half a percent to reach 65.92 million tonnes, industry consultancy Mysteel said on Friday. Ore from India edged higher by 280,000 tonnes to finish the week at 12.35 million tonnes, while Australian ore

• China faces major iron ore benchmark hike – Wuhan Steel

    Chinese steel mills are facing massive difficulties during this year’s annual iron ore benchmark talks with big price hikes set to push many of them into the red, the head of China’s third biggest steel firm, Wuhan Iron & Steel Group, said on Sunday. Deng Qilin, who also chairs the

• Imports reached first on 15mln tons of ore port in Guangxi

    According to the statistics of Nanning Customs, the imported iron ore amounted to 16.519mln tons in Jan.-Nov. at Guangxi port, up 90.8% year on year, hit record high

• CISA promotes unified iron ore

    Despite difficulties, the promotion of a national unified iron ore price is underway. As long-contract iron ore prices have yet to be determined this year, the CISA is considering putting forward a unified guide price, said Shan Shanghua, secretary-general of the China Iron and Steel Association (CISA), according to a