Hunan Valin Steel said on Wednesday that the reduction of iron ore prices pushes the company's revenue to rise. “Theoretically, it takes 1.6 tonnes of iron ore to produce a tonne of pig iron. In our company, the share of iron ore in total production costs takes up about 30%-40%. (To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |