China’s crude steel output increased about 80,000 tons from early May to mid-May, holding onto the persistent growth since late April, according the latest report by the China Iron and Steel Association (CISA).
The report estimated that the country’s crude steel output reached 14.78 million tons in mid-May, or daily output of 1.47 million tons, [...]

The ongoing iron ore price negotiation between China Iron and Steel Association (CISA) and Rio Tinto is scheduled for conclusion this month, according to Luo Bingsheng, vice chairman of CISA.
Rio Tinto announced Tuesday it already had reached an agreement on iron ore price cut with Taiwan’s leading steel makers China Steel Corporation and Dragon [...]