India is one of the few in Chinese imports of iron ore mine ore spot trading, while India exported to Japan, South Korea and other countries of iron ore has adopt the mode of "long-term agreement".
 
In 2007, India's exports to China of iron ore prices rose as high as 127.96%, the first of all iron ore export countries. On April 28, luo bingsheng on behalf of the China steel association issued a strongly worded about India's exports to China's iron ore price analysis report.
 
He pointed out in the report, ore than Brazil and Australia, India ore of low grade, the price is high, the price the characteristics of fast speed. The Indian iron ore prices is relatively high, China and India both sides should through the "long-term agreement" and other ways to promote the Indian ore price rationality return.
 
Analysis thinks, Indian iron ore exports to China of iron ore price contain water. India, for example, exports of iron ore price rise is Australia's 2007 2.1 times, 1.33 times that of South Africa. Geographical distance and South Africa, iron ore grade is better than India, so iron ore prices to rise by more than South Africa, India does not have rationality.
 
Told reporters on behalf of the domestic iron and steel enterprises, the domestic iron and steel enterprises for India imports of iron ore is "love-hate relationship" : the domestic small and medium-sized steel enterprises do not have and the international iron ore export giant BHP billiton negotiating position, therefore can only buy from stock to meet the demand for iron ore from the market, the Indian iron ore complete species, grade, suitable for all kinds of domestic small and medium-sized steel enterprises, so the Indian iron ore to relieve the tense has played a certain role of domestic demand for iron ore. But the Indian iron ore following the international iron ore price of long-term agreements has greatly increase, make the spot iron ore prices over the long-term agreement prices nearly doubled. And India's spot iron ore prices up, and the long-term agreement supplier dissatisfaction of low-cost supply of iron ore, further improve its exports to China of iron ore prices.