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China imported iron ore mine in India is rare in "spot transactions " ore, while India's exports to Japan, Korea and other countries of iron ore has adopted a "long-term agreement"approach.

     In 2007, India's iron ore exports to China rose as high as 127.96 percent, ranking the country first of all iron ore exports. April 28, Luo representatives issued a strongly worded Steel Association India's exports to China on an analysis of iron ore prices.

     In his report, pointed out that, compared to mine in Brazil and Australia, India has a low grade ore, high prices, prices and fast speed. The current iron ore prices are relatively high in India, China and India should be through the "long-term agreement " means to promote Indian ore prices swinging back.

     Luo analysis, Indian iron ore exports to China of iron ore prices there water. For example, India's exports of iron ore price increase for 2007 is 2.1 times that of Australia, is 1.33 times that of South Africa. The South African Geographical distance and grade of iron ore better than India, so India's iron ore price increases over South Africa, does not have reasonable.

     The representatives told reporters that the domestic steel industry, the domestic iron and steel enterprises imported iron ore in India is the "love-hate relationship": the domestic small and medium steel companies do not have the BHP Billiton iron ore export giants such international status of the negotiations, it can only from the market Purchase of stock to meet demand for iron ore, iron ore types in India, grade range, suitable for the needs of domestic small and medium steel companies, so the Indian domestic iron ore iron ore demand to ease the tension played a role. But the Indian iron ore long-term agreement to follow the trend of international prices of iron ore price increases, the spot price of iron ore over the long-term agreement price nearly doubled. The Indian iron ore spot prices pushed up, but also long-term agreement to supply iron ore suppliers cheap Dan Xinsheng discontent, and further promote its exports to China increased the price of iron ore.