CISA addresses imported iron ore market order
Post Date: 08 Apr 2010 Viewed: 556
CISA general secretary Shan Shanghua is calling for domestic importers not to buy iron ore from the world’s three mining groups in the next month or two at a joint conference sponsored by the CISA and China Chemical Import and Export Chamber of Commerce in a bid to protest their abuse of domination. To overhaul the mess in the present imported iron ore market, the CISA announced that importers whose transaction volume fell short of one million tons in 2009 will see their licenses to be repealed this year. A first-level agent system will be employed to ensure the supply of imported iron ore to medium and large steelmakers in favor of the national industrial policy. Traders are not allowed to engage in for-profit reselling at home, or they will be disqualified their business licenses. A CISA-sponsored censorship will be established to monitor where the imported iron ore goes and filter out substandard iron ore input.