Evraz establishes JV with China MCC

Reproduction
Fri, Aug 1, 2008

Iron Company News
Post by Melissa Pistilli, Iron Senior Reporter

Russian steel maker Evraz Group announced a JV with China Metallurgical Group Corp (MCC) to gain access to Australia’s vast iron ore reserves.

Vladimir Zhukov, senior mining analyst for Lehman Brothers, said:

Given Chinese demand for the raw materials used in steel production is expected to remain very strong, having something in Australia seems like the right move.

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