Metals & Mining

Fri, 02/26/2010 - 14:31

Rising Indian iron ore prices may stymie China in price talks - analyst

by Li Chunlan & Xu Hong

Shanghai. February 26. INTERFAX-CHINA - An expected export tax hike is likely to push up spot Indian iron ore prices in China and could break the deadlock between the country's steel mills and the three global iron ore giants, as viable options for China's steel mills narrow, an analyst told Interfax on Feb. 25.

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