NDRC: Beijing to further safeguard iron ore market stability

Beijing will continue to keep a close eye on China's iron ore market and will resolutely curb the unreasonable rise in iron ore prices, Meng Wei, spokeswoman of the National Development and Reform Commission (NDRC) stated at a press conference on April 19.

The NDRC and some related departments will adopt practical measures to secure iron ore supply, adjust demand for the commodity, and strengthen market supervision to ensure the stability of the iron ore market in China, according to Meng. "This year so far, the NDRC has tightened its supervision on the