Ministry rejects steel lobby proposal
By Zhang Qi | China Daily | Updated: 2009-07-16 08:04
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Iron ore stockpiles in Shanghai. A total of 112 steel mills and trading companies in China have iron ore import licenses. CFP |
China's Ministry of Commerce has turned down a proposal by the country's top steel industry body to scrap all iron ore import licenses held by trading companies, the latest twist in the pending iron ore business restructuring, people familiar with the matter said.
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