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Quality issues threaten India iron ore sales to China
May. 19, 2011 08:08AM PST
Base Metals Investing Reuters reports India’s iron ore exports and prices could be hit by quality issues on $2.2 billion of shipments raised by top buyer China.
Reuters reports India’s iron ore exports and prices could be hit by quality issues on $2.2 billion of shipments raised by top buyer China.
The market news is quoted as saying,
During the first four months of 2011, over a third of India’s exports to the Chinese province of Jiangsu were substandard, China’s General Administration of Quality, Supervision, Inspection and Quarantine (AQSIQ) said in a notice posted on its website (www.aqsiq.gov.cn).