China pledges crackdown on iron ore price gouging

Chinese regulators have continued to tightened supervision of iron ore pricing to curb unreasonable rises and have renewed warnings to companies against illegal activities including spreading false information, hoarding, price gouging and excessive speculation to keep the iron ore market stable, Meng Wei, a spokeswoman for the National Development and Reform Commission, told a news conference held on April 19.

.Asian Metal CopyrightChinese regulators have continued to tightened supervision of iron ore pricing to curb unreasonable rises and have renewed warnings to companies against illegal activities including spreading false information, hoarding, price gouging and excessive speculation to keep the iron ore market stable, Meng Wei, a spokeswoman for the National Development and Reform Commission, told a news conference held on April 19Asian Metal Copyright