China defiant ahead of iron ore talks

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Old Oct 16th, 2009, 05:30 AM   #1
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Default China defiant ahead of iron ore talks

China took a defiant stand ahead of annual iron ore contract price negotiations with global miners, rejecting proposals for a sharp rise in the price of the key steelmaking ingredient and insisting that Beijing would not "blindly follow" prices set between miners and other consuming countries like Japan and South Korea

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