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China’s August Iron Ore Imports Jumps

Mining News - Published on Tue, 10 Sep 2019

Image Source: bunkerist.com
China’s iron ore imports rose again in August to a 19-month high. Arrivals of the steelmaking raw material totalled 94.85 million tonnes last month, up 4.2% from 91.02 million tonnes in July, to mark the highest level of imports since January 2018. For the first eight months of 2019, China’s imports of iron ore reached 684.9 million tonnes, down from 710 million tonnes in the same period last year.

Zhao Xiaobo, an analyst with Sinosteel Futures, said “Conditions for seaborne shipments in August to China were steady as big miners have resumed production.”

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Posted By : Rabi Wangkhem on Tue, 10 Sep 2019
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