TISCO proves its mettle in tough steel market (5)

Construction of an iron ore mine will be completed this year and start production in Luliang in Shanxi.

The group owns several mines in Shanxi, which can provide about half of its iron ore supply.

By the end of 2015, the company plans to be able to supply 70 percent of its own iron ore to reduce raw material costs.

The company has also created a more reliable imported supply of nickel, an important element in stainless steel production.

It says it aims to have high-end products account for up to 90 percent of its products portfolio.