China Urges Domestic Producers to Accelerate Iron Ore Projects

The China Iron and Steel Association urged local ore producers to speed up key projects, as the world’s biggest consumer grapples with its dependence on imported supplies from top miners such as BHP Group.

The association will ramp up efforts to ensure stable operation of domestic iron ore mines and promote supply-side structural reform in the steel industry, Vice President Xia Nong said in a statement late Monday, following a meeting at the end of last month with Chinese producers and government departments.