[Ferro-Alloys.com] The HBIS Group, one of the world's largest steelmakers based in northern China's Hebei province, has imported iron ore from the Brazilian mining giant Vale in use of RMB clearing.
The HBIS Group, or Hebei Iron and Steel, paid about 200 million yuan ($29 million) to Vale, the largest producer and exporter of iron in the world, earlier this week.
Lao exports to China continue to flow as normal despite the novel coronavirus outbreak in China, Lao news daily the Vientiane Times reported last Tuesday.
Laos has not received any impact reports yet from exporters since the start of the virus outbreak, according to the Import and Export Department of the Lao Ministry of Industry and Commerce.
India has surpassed Japan in terms of annual steel production, becoming the second largest producer of crude steel in the world, after China.
As per data issued by the World Steel Association, India's crude steel production in 2018 was 109.3 million tonnes, an increase of 7.7 percent from 101.5 million tonnes in 2017, announced India's Ministry of Steel on Wednesday.