China steel body hosts talk with Vale on iron ore supply (updated)

China Steel

09/02/2023 10:58

(Adds details)
       BEIJING, Feb 9 (Reuters) - China Iron and Steel
Association (CISA) recently held a face to face meeting with
Brazilian iron ore miner Vale SA  VALE3.SA  on China's steel
industry operation and Vale's iron ore supply, it said on its
wechat official account on Thursday.
    The visit comes a month after China scrapped quarantine
requirements for incoming travelers that had all-but-shut its
borders for nearly three years under the country's zero-COVID
policy. 
    Luo Tiejun, vice president of CISA, and Marcello Spinelli,
Vale's Executive Vice President for Iron Solutions, attended the
meeting on Feb. 7, in which they discussed how to improve iron
ore pricing mechanism and to promote low-carbon development. 
    China, the world's largest steelmaker and iron ore consumer,
imported 1.11 billion tonnes of iron ore last year, according to
China's customs data. 
 (Reporting by Siyi Liu and Dominique Patton
Editing by Tomasz Janowski)
 ((Siyi.Liu@thomsonreuters.com;))