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CITIC Pacific Limited said the load commissioning of the first production line and the common facilities of its Sino Iron project in Western Australia had been achieved.
China's Ministry of Industry and Information Technology said it will unleash a new guidance for restructuring China's key manufacturers.
BHP Billiton Ltd will not cut its iron ore annual output target this year, despite shrinking demand as China's economy slows down.
China's steel industry is a big cause for concern in the fourth quarter due to shrinking demand and heavy losses, according to an industry official.
Hanlong, a private Chinese mining firm, on Tuesday said its lower offer in the acquisition of Australia's Sundance Resources has been accepted.
Metals consumption in China is expected to climb in the second half on easier availability of credit and rising investment and seasonal demand.
Domestic steel prices fell to 3,670 yuan ($583) a metric ton on Aug 21, the lowest level in three years, according to a report.
China's steel output growth slowed in July and prices of steel products have continued to drop, according to the National Development and Reform Commission.
Import prices of iron ore continued to decline due to slowing demand, according to Xinhua's latest iron ore price report released on Tuesday.
China's biggest listed steelmaker Baoshan Iron & Steel Co Ltd will slash the prices of its main products for September bookings by up to 3.4 percent.
The profitability of large and medium-sized steel enterprises included in the scope of China Iron and Steel Association’s statistics once again slipped to negative growth in June.
Iron ore inventories in China reached a record high of about 100 million metric tons due to shrinking downstream demand.
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