Asia's largest iron ore deposit discovered in China - The ...
With the news of the iron deposit discovery, the shares of steel makers gained on June 24. Baosteel, the country's biggest steel mill, rose 3 percent to 7.2 yuan (1.06 dollars). Angang Steel Co, the second largest, surged 7.42 percent to 14.18 yuan. Shares of Hunan Valin Iron and Steel Group climbed 4.52 percent to 7.4 yuan.