| ||||||||||||||||||||||||||||||||
|
Chinanews, Beijing, March 15 – According to China Minmetals Corp. China will gradually cut down the amount of iron ores imported from India.
On March 1, the Indian government announced that it would impose a tariff1 of 300 rubies2 per ton on iron ores, irrespective of their quality. “There is no greater advantage of importing iron ores from India than from Australia or Brazil nowadays,” said Liu Zhengang, the director of China Minmetal Corp India subbranch. Liu pointed3 out that India's unreasonable4 tariff policy will force China to turn to other iron ore exporters. In 2006 alone, 74.75 million tons of iron ores were imported from India (a little more than in 2005), taking up about 23% of all the iron ores imported. India has never signed long-term contract with China on iron ore trade, thus it can get the maximum profit possible, as the prices of its iron ores can be changed at any time according to the changes in supply and demand. "The quality of iron ores from India is not very good, so it takes quite a lot of time and effort to purify them. Actually no iron & steel enterprises in China take India as their major supplier,”added Liu. India's tariff policy might be the first step for it to stop iron ores export in 5 years.
点击  收听单词发音
|
||||||||||||||||||||||||||||||||
TAG标签：
- 发表评论
-
- 最新评论 进入详细评论页>>
