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China’s iron ore imports drop 7.4% in January on supply issues
February 10, 2012 - 04:42 GMT
Location:
Shanghai
KEYWORDS:
China
,
iron ore
,
import
,
China iron ore
,
iron ore imports
China’s iron ore imports fell by 7.4% month-on-month in January, with market participants attributing the decline to supply disruption from Australia and Brazil due to bad weather.
January imports fell to 59.32 million tonnes, down 13.9% year-on-year, according to preliminary customs data.
“Last month, we saw that operations in Port Hedland were disturbed temporarily by a cyclone, and things in Brazil were more severe,” an...
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