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China’s iron ore imports in June Lowest Since February 2016

Mining News - Published on Tue, 16 Jul 2019

Image Source: Business Recorder
According to data from the General Administration of Customs, China’s iron ore imports in June fell from a year ago, touching their lowest since February 2016. Arrivals of iron ore were 75.18 million tonnes last month, below both the 83.24 million tonnes imported in June 2018 and May’s 83.75 million tonnes. For the first-half of the year, the world’s biggest iron ore consumer brought in 499.09 million tonnes of ore, down 5.9% from the same period a year ago

Supply from Brazil has fallen following the deadly rupture of a tailings dam in January. Elsewhere, Rio Tinto has cut its forecast for 2019 shipments from the Australian region of Pilbara due to operational problems.

The two countries are China’s largest iron ore suppliers.

Source :

Posted By : Sanju Moirangthem on Tue, 16 Jul 2019
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