Sinosteel’s move to boost its access to iron ore comes as Australian iron ore exports to China have soared this year amid an infrastructure and property boom following the end of coronavirus lockdowns. Photo: AP Sinosteel’s move to boost its access to iron ore comes as Australian iron ore exports to China have soared this year amid an infrastructure and property boom following the end of coronavirus lockdowns. Photo: AP
Sinosteel’s move to boost its access to iron ore comes as Australian iron ore exports to China have soared this year amid an infrastructure and property boom following the end of coronavirus lockdowns. Photo: AP

China steelmaker Sinosteel increases Australian iron ore stake after merging with Baowu Steel

  • Sinosteel’s purchase of half the future output of new Fenix Resources mine comes amid controversy over China halting imports of Australian coal
  • New commitment to Fenix mine follows troubles at Sinosteel’s other Australian iron ore mines that sapped its financial resources in recent years

Topic |   China economy
Sinosteel’s move to boost its access to iron ore comes as Australian iron ore exports to China have soared this year amid an infrastructure and property boom following the end of coronavirus lockdowns. Photo: AP Sinosteel’s move to boost its access to iron ore comes as Australian iron ore exports to China have soared this year amid an infrastructure and property boom following the end of coronavirus lockdowns. Photo: AP
Sinosteel’s move to boost its access to iron ore comes as Australian iron ore exports to China have soared this year amid an infrastructure and property boom following the end of coronavirus lockdowns. Photo: AP
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