According to China’s National Development and Reform Commission imported iron ore stockpiles at Chinese ports reached a record 79.22 million tonnes recently and Chinese government is going to take measures to relieve the port congestion.

It is reported that NDRC held a meeting recently to discuss how to lower iron ore port stocks. Related port enterprises, steel makers, traders, associations, chamber of commerce, ministry of commerce of China, China Railway, China Customs and General Administration of Quality Supervision, Inspection and Quarantine have attended the conference.

Sources also said that Brazil would probably join in China's efforts to curb increase of ocean freight rate by suspending iron ore exports from major ports like Tubarao.