China Pledges Crackdown Aimed at Cooling Surging Iron Ore Prices
- NDRC summoned information providers over accuracy of data
- Steelmaking ingredient has rallied on nation’s re-opening
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China’s top economic planner will tighten supervision of iron ore pricing after the steelmaking ingredient’s surge in recent months.
The National Development and Reform Commission will crack down on illegal activities including spreading false information, hoarding and price gouging to keep the iron ore market stable, the agency said Sunday in a statement.