Australian won’t be interfering in the iron ore price negotiations between China AND miners with significant interests in Australian.
“We recognize China’s market economy status, all we ask in return is it act in accordance with market principles and not seek to get the government involved,” Trade Minister Simon Crean told reporters in Canberra today.
Mr Crean’s comments came after some of China’s largest steelmakers wrote to the Chinese government to ask for help in the latest round of iron ore talks.
It was reported last week that the miners have walked out of talks, which are said to be taking place in Singapore.
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