MOFCOM Took Measures to Regulate Import Order of Iron Ore

Person in charge of MOFCOM Department of Foreign Trade said to reporters that the sharp increase of iron ore import in the previous period caused the serious backlog at the wharf and a big growth of stock of enterprises, MOFCOM Department of Foreign Trade took counter-measures to regulate the import order of iron ore to promote fair competition.

　　The Official pointed out that at the beginning of 2006, several foreign suppliers not only participated the long-term agreement negotiation but also sold goods at Chinese market with high prices, violating the international pricing rule and affecting the established long-term cooperation. Applied by enterprises of iron and steel of China, MOFCOM Department of Foreign Trade took a temporary technical measure to check the imports of goods, which was just against the unfair trade practice such as high-price illegal transaction and was beneficial to maintain the recognized international pricing mechanism.