China's Interest In Overseas Iron Ore Is 30% Of Iron Ore Imports

China’s current interest in overseas iron ore totals 190 million tons, which accounts for 30 percent of China’s total iron ore imports, reports Beijing Times, citing Luo Bingsheng, vice chairman of the China Iron and Steel Industry Association. Luo said the target is to lift the proportion to 60 percent.
China currently has an interest in many exploration projects that are yet to start production.
Shares of Baoshan Iron and Steel (600019) rose 7.06 percent to close at 6.98 yuan on September 6.

Source: CapitalVue