The new steel export tax imposed by Chinese government have taken their effects now as spot iron ore imports into China have declined, while traders are now trying to figure out the impact of the new tax policy on the market.
One iron ore trader in Eastern China said that many medium and small-sized steel mills had stopped importing iron ore because they were not certain about their steel sales after the new steel export tax took effect.
The trader also estimated that there was over 40 million tons of iron ore were staying at Chinese ports.
Add: East ring road of Jining Hi-tech development zone, Shandong
Province Tel:86-537-2084158 2084323 Fax:86-537-2084388 Email:cherry@163169.net
Shandong Oriental Cherry Hardware Croup Copyright reserved
