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Rotterdam iron ore throughput to fall by 20%

January 02, 2009 - 09:48 GMT Location: London

KEYWORDS: iron ore , Port of Rotterdam , coking coal , scrap

The Port of Rotterdam expects total iron ore throughput to fall by 20% this year due to the fall in steel demand, the Port Authority said in a statement

The decline will be driven mainly by ArcelorMittal, which until recently purchased 6.5 million tonnes of ore via Rotterdam, while other customers are expected to drop imports by around 3 million tonnes. The first quarter is expected to be “extraordinarily bad”, partly due to high stocks, the Port said. In 2008, Incoming iron ore...

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