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Companies

Baosteel importing iron ore on temporary price basis

(Agencies)
Updated: 2010-05-05 15:35
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Baoshan Iron & Steel Co, China's largest listed steelmaker, is importing iron ore from top global miners on a temporary price basis, Ma Guoqiang, the listed unit's general manager, said on Wednesday.

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He said the company was studying how to deal with the adverse impact of iron ore price changes while negotiations with the three main global producers continued.

But Ma added on a conference call that the worst was over for China's steel sector.