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Updated Thursday, March 18, 2010 11:04 am TWN, Bloomberg
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WSJA

China Steel Association opposes demand for 90% ore price hike

SHANGHAI -- China steel makers oppose a request by suppliers for an as much as 90 percent increase in annual prices for iron ore, the China Iron & Steel Association said in a statement on its Web site today. The association agreed with an earlier rebuttal of the fee hike proposal by European steel makers, it said.
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