Iron Investing News » China’s CISA has urged end of Spot Iron Ore Trade

China's CISA has urged end of Spot Iron Ore Trade

July 28, 2009 @ 5:06 am In Iron Market News

Senior Chinese steel industry officials has called on Beijing to consider abolishing spot iron ore trade and sharply has reduced the number of licensed importers, which they blame for undermining their position in deadlocked iron ore price talks.

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[1] here: http://in.reuters.com/article/oilRpt/idINPEK18459020090728