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| Shagang suspends imports of iron ore on spot market - 11 May, 2010 | ||
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Mr Shen Wenrong Chairman of the board of Shagang said on May 9th that when the price of iron ore is more than USD 170 per tonne Shagang has to suspend sport iron ore importation and currently Shagang has suspended the importation. Mr Shen said steel mills should be rational facing soaring iron ore price. None of the steel mills who take high price iron ore can make profit now. Facing hard line attitude of the three mines and the skyrocketing of iron ore this is the first time for Chinese steel company to admit publicly suspension of imports of spot iron ore. To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service with subscription charges of USD 750 for 12 months. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-china.com/spi_services/terms_of_use_for_registration.html | ||
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