China Steel Mills Told to Refuse Iron Ore Deliveries from Fortescue

Chinese iron ore purchaser China Mineral Resources Group, or CMRG, called on domestic steel mills not to accept deliveries of iron ore products from Australia's Fortescue (ASX:FMG), Fortescue's Super Special Fines and Fortune ​Fines are said to be lower-grade iron ore products, the report said. The move is seen as CMRG's way to control the entry of iron ore into the Chinese market, Fortescue did not immediately respond to a request for comment.