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    iron investing

    China Imports Of Iron Ore Up 6 Percent

    Investing News Network
    Aug. 22, 2012 02:51PM PST
    Base Metals Investing

    Platts reported China imported 6% more iron ore year on year to 57.87 million tonnes in July.

    Platts reported China imported 6% more iron ore year on year to 57.87 million tonnes in July.

    As quoted in the market news:

    It imported 4.07 million mt from South Africa in July, up 71% year on year, the data showed.

    Imports from India totaled 2.5 million mt in July, down 37% year on year. India raised the export duty on its iron ore fines and lump to 30% from 20% on December 30, 2011.

    Click here to read the full Platts report.

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