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Jun 25, 2009· With the news of theirondeposit discovery, the shares of steel makers gained on June 24. Baosteel, the country's biggest steelmill, rose 3 percent to 7.2 yuan (1.06 dollars). Angang Steel Co, the second largest, surged 7.42 percent to 14.18 yuan. Shares of Hunan ValinIronand Steel Group climbed 4.52 percent to 7.4 yuan.

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Jan 02, 2018· Withpricesof coking coal already shooting up,iron oreis the only advantage India has for steel companies, but that is slowly ceasing to be one,” the official said. This will reinforce the distress in the steel industry that already makes up for 24% of NPAs in Indian banks, he added.