Mitsui to Expand Iron Ore Interest from Annual 51 Million Tons to 70 Million Tons

Mitsui will expand ownership interest of iron ore from annual 51 million tons to 70 million tons level in 2020. Though the firm values investments carefully about coking coal-based coal, target investing opportunity for fineness project targeting rising demand. For the present, the price of iron and steel material keeps dull situation, and the firm needs to carefully select cases which is capable of changes in the market. And they also strengthen commodity distribution business take in growing market including Asia, and increase competing power.