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Price rises drive down Indian share in China's iron ore market
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 Did you know Trivia - BEIJING - Indian iron ore miners are risking losing their Chinese market because of sharp price rises, said Luo Bingsheng, deputy director of the China Iron and Steel Association (CISA).

    Iron ore imports from India in 2007 rose 6.14 percent, or 4.59 million tonnes, to 79.37 million tonnes compared with the previous year, but the increase was 11.26 percentage points lower than the total import growth of 17.4 percent, or 56.79 million tonnes, Luo said at the China-India Iron Ore Summit on Monday.

    China's iron and steel industry has taken action to import more iron ore from countries other than India. Imports from India rose 3.4 percent this February, much lower than the 10 percent and 8.3 percent growth of iron ore import from Brazil and Australia, respectively, CISA statistics show..
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Friday 2 May, 2008 08:41 AM
 
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