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Chinese steelmaker profits plunged in the third quarter, hit by soaring costs of iron ore due to falling global supplies of the main ingredient used in steelmaking.
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, countering earlier expectations that shipments would be capped by Beijing at the same level as 2018.
Effective November 1, 2019, Jan Lu¨der will take over as Chief Executive Officer (CEO) of the Mining Technologies business unit at thyssenkrupp Industrial Solutions AG. He will succeed Torsten Gerlach, who is leaving the company.