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International Ore Trading Center establishment

Author : Steel plant Date : 11/7/2017 11:19:18 AM
 The morning of November 3th witnessed the signing ceremony held in Beijing of China Minmetals Corp with Caofeidian Port Group, HBIS Group, Shougang Group and COSCO Shipping Group.
The five parties have decided to increase their investment in building a new environment-friendly, smart, efficient, full-functioned Minmetals Caofeidian International Ore Trading Center in Caofeidian
port with an annual capacity of 100mnt, which functions as bonded warehousing, distributing, ore mixing, hedging, financing, spots and futures delivery warehouse. The trading center is designed for an annual ore mixing capacity of 41 million tons with the yearly trading of over 100 million tons. It will also set up big data for the ore’s importing, mixing, shipping etc.,
and carry out accurate management, providing customized service and after-sale technical service for mills. Centralized ore mixing will effectively solve environmental problems, promoting the transformation
and upgrading of the country’s steel industry.

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