China Iron Ore Imports Rise on Expectations Prices May Gain

Bloomberg reports China boosted purchases by 6.8 percent in July as steelmakers start to replenish stockpiles.

The market news is quoted as saying,

Imports climbed to 54.55 million metric tons last month, compared with 51.09 million tons in June, according to China’s General Administration of Customs. That’s 6.4 percent higher than 51.28 million tons of a year earlier, according to data compiled by Bloomberg.

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