China to crack down on unjustified increase in iron ore prices
Time:Fri, 21 Apr 2023 08:52:56 +0800
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With the unjustified gains in iron ore prices in China, the National Development and Reform Commission (NDRC) issued a statement to severely crack down on price gouging and excessive speculation.
In order to curb this behavior, the NDRC will monitor the market and take comprehensive measures to ensure supply and regulate the stable operation of the iron ore market. Through the analysis of market and price trends by market players and industry experts, there has been no significant change in the supply and demand of the entire market.
Spokesperson Meng Wei pointed out at the press conference that the rise in iron ore prices was due to market expectations and other factors. With relevant measures gradually beginning to come into force, iron ore prices have fallen a little.
