HomeProduct Complimentary download Hansteel releases CNY 260 million by destocking imported iron ore

Hansteel releases CNY 260 million by destocking imported iron ore

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Publish time: 21st August, 2011      Source: ChinaCCM
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It is reported that Handan Iron & Steel Co Ltd under Hebei Iron & Steel Group lowered the inventory of imported iron ore from 1.97 million tonnes in June to 1.77 million tonnes in July enlivening CNY 260 million to increase active capital

The release of capital was mainly carried out through controlling imports of iron ore which was decreased by 167,000 tonnes MoM to 518,000 tonnes from July 1 to July 20 and consuming varieties of high inventory like yangdicoogina fines and micro fines.