On behalf of China's steel plants, the Shanghai-based Baosteel Group has started the fourth round of negotiations with the world iron ore providers on the contract price of the raw material in the new financial year.

According to the company source, the negotiation is at the stage of market analysis and demonstration in China and has not touched upon any details of the price.  (Xinhua)

Nippon Steel Corp said Tuesday it has landed an order from leading Chinese steelmaker Shanghai Baosteel Group Corp. for production facilities for electrolytic tin-coated sheets and tinfree sheets. (CRI)