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The lease extension will be granted after an application has been made by the state-run company.

He also points out that the deal comes at a weak point in the steel sheet market cycle.

To combat this, a number of mine operators are opting for radar transmitters.

China accounts for more than 20 percent of the company's total sales volume, Machkevitch stated.

[Ferro-Alloys.com]One billion POSCO – 46 years after the first drop of molten iron in 1973

COKING COAL on Tuesday: Chinese buyers mildly bullish but market still muted.

The import price for steel billet in the United Arab Emirates has narrowed over the past week.

Steelmakers were announcing price increases to try to reverse the trend.