China’s Iron Ore Imports Decline to 8-Month Low as Demand Slows

Bloomberg reported China reduced imports of the raw material to an eight-month low as demand from steelmakers fell.

As quoted in the market news:

The country imported 49.9 million metric tons of iron ore last month, the General Customs said on its website. That’s an 18 percent drop from 60.6 million tons of a month earlier, according to data compiled by Bloomberg.

Click here to read the full Reuters report.