Ministry of Commerce to Provide Support to Chinese Steel Makers in Iron Ore Negotiations

The Ministry of Commerce (MOC), along with the Ministry of Industry and Information Technology, pledged to provide support to Chinese steel companies in their negotiations over the contract price of iron ore with international mining giants, at a regular press briefing held yesterday. Spokesman Yao Jian went on to say that he hoped that the system of long-term contracts would continue.

Source
China Business Times

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