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Article: INDIAN ORE EXPORTERS CALM ON CHINA'S SLACK ORE IMPORTS.
- Article from:
- AsiaPulse News
- Article date:
- June 16, 2005
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NEW DELHI, June 16 Asia Pulse - Indian iron ore exporters are not alarmed at China's reduced intake as they believe it is a temporary measure by the Communist nation to cool its overheated economy.
"It is a temporary move by Beijing to cool its overheated economy. They have stockfiles in ports, pipelines and plants which has led to slackening of prices. By September or October, we expect the demand to rise again," R K Sharma, Secretary General of Federation of Indian Minerals Association, said Wednesday.
He pointed out that China, by and large, remained the biggest importer of ore and the ...