China's Baoshan Iron and Steel , the world's fourth-biggest steel producer, said a call by Australian miner Fortescue Metals Group for a cap on iron ore output to revive prices was "not good for fair competition."
"Companies should follow the laws of the market. Any action that is contrary to the law is unwise, and is not good for fair competition," Baosteel Chief Financial Officer Zhu Kebing told an online briefing on Friday.
Source: Reuters
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