29
Mar
11:34
Baosteel eyes 10% iron ore imports in yuan
China’s Baosteel, a major listed subsidiary of world’s largest steel enterprise Baowu, has set the guidance for imported iron ore purchases settled in Chinese yuan (RMB) in 2022 at more than 10% of total purchases, Kallanish learns.
“We are continuously committed to enhancing the influence of the RMB in the international bulk commodity settlement, and further promoting its internationalisation,” the company observes.
Since 2019, Baosteel h…
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Very good overview of the weekly steel market.
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