Mining major Rio Tinto is stepping into China's port market for iron ore, with sales in the segment gaining significance amid changes in the raw material procurement strategies of steelmakers in the country.
It will begin a trial sale of its products at the Port of Rizhao in eastern China and the Port of Caofeidian in northern China, its vice president for iron ore sales and marketing, Simon Farry, told delegates at the 19th China International Steel & Raw Materials Conference...