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China’s Iron Ore Imports Decline to 8-Month Low as Demand Slows
Nov. 10, 2011 02:35PM PST
Base Metals Investing Bloomberg reported China reduced imports of the raw material to an eight-month low as demand from steelmakers fell.
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.
