Pellet pivot: China develops taste for high-grade iron ore as coastal furnaces fire up
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BEIJING/SINGAPORE (Reuters) - China's demand for iron ore pellets and high-quality ore is expected to accelerate in 2020 as a result of Beijing's push to shift dozens of steel mills to coastal regions in its battle to stop smog blanketing industrial cities. Relocating plants to the coast, with stricter environmental requirements, means up to 20% of China's more-than-a-billion-tonne annual ore demand will shift from lower- to higher-grade ores within coming years, according to industry sources..