Recently, Alashankou issued certifications of decreasing/exempting import taxes of an import deal of Russian iron ore fines. The deal contained 15,000 tons of Russian iron ore fines, which valued 1.89 million US dollars. This is the first import of Russian fines from Alashankou.
It is said that a company has signed an import deal of 250,000 tons iron ore fines in total, which values more than 30 million US dollars. The imported fines has an iron content of 65.5%, 2.5 percent higher than pellet, and the unit price is 126 US dollars per ton, US$ 29 lower than that of fines from Kazakhstan and US$ 35 higher than that of pellet. It is reported that the foreign fines sale is highly concentrated, and even was prohibited in the past two years.
Iron ore fines are made from raw iron ores, which was through crushing, grinding and concentration and other processes.