Baosteel, a major Chinese iron and steel company, said that during the period from April to June this year, its pig iron output was at a relatively high level, and the demand for iron ore was strong, which boosted ore prices to a certain extent, and downstream users also had greater demand for iron ore. The May-April period was slower than the April-March period. Baosteel stated that the annual iron ore purchases are generally around 80 million tons, mainly from the four major miners in the global market. The steelmaker said it plans to increase iron ore purchases to 100 million tonnes in the future.
