A labourer marks steel bars at a steel and iron factory in
Wuhan, capital of central China's Hubei province December 21, 2006.
REUTERS/Stringer Image used for illustrative purpose.
China will support iron
ore companies in investing in transformation
China said
on Friday it will expand imports of recycled steel raw materials.
China will support iron ore companies in
investing in transformation and will promote companies cooperating in overseas
iron ore exploration, especially in neighbouring countries, according to a
statement jointly issued by government bodies.
The world's top metals producer also aims to
increase output of 10 non-ferrous metals by 5% in 2023-2024, the industry
ministry said in a separate document issued on Friday. (Reporting by Siyi Liu,
Amy Lv and Dominique Patton; Editing by Himani Sarkar)