Rio pays the price for China's industry order

Beijing -- The detention of Rio Tinto executives on spying accusations has allegedly wreaked "havoc" on the world's second-largest iron ore miner's sales in China, as the nation's steel mills took a wait-and-see approach on ore imports from the Anglo- Australian conglomerate, Chinese State media reported on Wednesday.

A manager of a State-owned steel manufacturer in Shandong Province who refused to give his name said Rio's iron-ore sales network has been ruined as a result of the case, the National Business Daily newspaper reported.

"We had a meeting Monday and eventually decided to suspend iron ore imports from Rio until an official outcome of the case," he said.

Click here for more on China's detention of Rio Tinto executives.

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