China raises its iron ore fist

The iron ore price is set for a bumpy ride as Beijing affirms its unalloyed commitment to reducing excess capacity in the steel industry.

Graph for China raises its iron ore fist

An excavator piles up iron ore at the Port of Qingdao in Qingdao city, east Chinas Shandong province, 8 May 2012. (AAP Newswire) 


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