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Valin said on the interactive platform, like most steel companies are highly dependent on imported iron ore, about 90% of the company's iron ore comes from imports, mainly from Australia, Brazil, South Africa and other large mines, including Rio Tinto, Vale, FMG、Kumba and so on; about 10% of the purchase from domestic mines.
Among them, the proportion of imported mine chief is about 65%, which ensures the stability of purchasing channel and quantity.
Iron ore purchased from FMG accounts for 20-30% of imported ore purchases, based on market pricing.
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