, Columnist
China Learns an Iron Law of Markets
The government simply doesn’t control enough ore production to damp prices that are causing its metal industry pain.
This market is bigger than China.
Photographer: STR/AFP/Getty Images
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China’s steelmakers have had enough of the squeeze.
The government needs to “maintain normal iron-ore market order” and push prices back to “reasonable levels” Qu Xiuli, vice chairwoman of the China Iron & Steel Association, or CISA, told a conference in Shanghai on Friday.