China should guard against the rise in international iron ore prices, as it has the potential to erode its hard-won economic recovery.

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

According to Luo, under the current pricing mechanism, iron ore prices are to a large extent determined by the producers rather than market forces.

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

In March 2021, Japan imported 31374.075 tons of ferrosilicon (containing by weight more than 55% of silicon).

From January to March, 2021, Japan imported 82131.33 tons of ferrosilicon (containing by weight more than 55% of silicon).

Japan imported 994.958 tons of ferrosilicon (containing by weight ≤ 55% of silicon).

Japan imported 2153.858 tons of ferrosilicon (containing by weight ≤ 55% of silicon).