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China to allow fewer companies to import iron ore

(Reuters)
Updated: 2006-12-24 09:45

A labourer works at a ferroalloy factory on the outskirts of Xining in northwestern China's Qinghai Province December 23, 2006. China plans to issue new policies that would limit the number of companies allowed to import iron ore, said Chen Xianwen, deputy director general of the China Iron and Steel Association's department of market research. [Reuters]