Iron Ore Imports to China Hit Record

- October 15th, 2013

MINING.com reported that the price of iron ore jumped to a three-week high on Monday, after Chinese imports of the steelmaking raw ingredient hit new record highs.

MINING.com reported that the price of iron ore jumped to a three-week high on Monday, after Chinese imports of the steelmaking raw ingredient hit new record highs.

As quoted in the market news:

China imported a new all-time high of 74.58 million tonnes of iron ore during last month September, up 8% from August and up a surprisingly robust 15% compared to last year.

China has continued to produce steel at a record pace, upping the rate by 100,000 tonnes in September to 2.14m tonnes per day (and up close to 8% compare to the first 8 months last year), showing demand in the world’s second largest economy is not as slack as many observers believe.

Click here for the full article in MINING.com

Get the latest Iron Investing stock information

Get the latest information about companies associated with Iron Investing Delivered directly to your inbox.

Iron Investing

Tags

Tags:

Leave a Reply