Steelmakers rattled by price shift
By ZHANG QI | China Daily | Updated: 2010-03-31 08:09
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A worker at Liaoyang Iron and Steel Company, Liaoning province. There are 1,200 steel mills in China, but only 112 have licenses to import iron ore at long-term prices. Unlicensed firms have to buy iron ore from the spot market. Miao ao / for China Daily |
Small mills will suffer rising costs, but changes may level playing field
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