Business
Add as a preferred source on GoogleThe state-owned group was created to support mineral supply security. Chinese steelmakers have faced weak demand and low profitability.
China’s State-owned Assets Supervision and Administration Commission announced the formation of China Mineral Resources Group (CMRG) in 2022. The Australian Department of Industry, Science and Resources says the group’s role includes a centralized iron ore purchasing platform to support mineral supply security.
China’s National Development and Reform Commission has reported weak demand and low profitability in the steel sector.
Khimdjee cited Africa’s demographic outlook and India’s power-grid integration as points relevant to cooperation.
Nine-month orders reached €19.122 billion, up 15% organically, as the French group kept its formal 2026 financial targets.
Industrials & Commodities generated the most revenue, at €591 million, ahead of Buildings & Infrastructure at €562.3 million.
