ANNOUNCEMENT 08 Apr 2010In April 2010, the government of China announced an alteration to its export prohibitions.
NUMBER OF INTERVENTIONS
-Financial Times, 8 April 2010 (http://www.ft.com/cms/s/0/eedfe8d0-4335-11df-9046-00144feab49a.html
-Steel Guru, 23 April 2010 (http://www.steelguru.com/news/raw_material_news/MTQyNTM0/Chinese_ban_of_import_of_low_grade_iron_ore_may_damage_India.html)
-Mining Exploration News (http://paguntaka.org/2010/04/09/chinas-iron-ore-trade-associations-prohibit-imports-of-iron-ore-less-than-60-percent-iron-ore-content/)
-DNA, 21 April 2010 (http://www.dnaindia.com/money/report_china-traders-bristle-at-india-ore-ban_1373709
-Chinamining.org/ Reuters, 9 April 2010 (http://www.chinamining.org/Policies/2010-04-09/1270778478d35348.html)
-The Times of India, 27 May 2010 (http://timesofindia.indiatimes.com/biz/india-business/Chinese-ban-to-hit-Indian-iron-ore-exports-/articleshow/5979131.cms)
On 8 April 2010, the China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters (CCCMC) has banned Chinese trading houses from importing low-quality iron (below 60% Fe). ThisCCCMC directive is reported in various international press articles (including Financial Times, Reuters, Steelguru, Mining Exploration News, DNA, Chinamining.org, The Times of India). Official documents by CCCMC are not available online.
According to The Times of India, on 27 May 2010, the China Iron and Steel Association (CISA) advised ore buyers at a conference to stop buying low grade ores. It is mentioned that no formal notification has been issued by CISA.
This ban concerns mainly India, the world's third-largest iron exporter, as India's ore generally has an iron content of 55 to 58 percent (Financial Times, 8 April 2010).