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Cameroon's government has signed a 420-billion CFA franc ($675.96-million) high-grade iron-ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient.

NEW DELHI - The increase in export taxes on iron ore, announced by the Indian government over the weekend, will lead to large surpluses at home, and mainly hit producers of low grade ores that depend on overseas markets, a mining industry body said on Monday.

Steel industry taps demand potential to seek development

Vale excited to work with China's opening-up

China's calcium metal export data in April 2022

Chinese producers want to cut production volume in order to save price dropping in this week.

Efforts should also be made to ensure stable supplies and prices, he said.

The China Iron and Steel Association's cornerstone plan will also further ensure domestic energy security.