Archive for October, 2016

China Iron Ore Imports Rise in September

Monday, October 3rd, 2016

Chinese iron ore imports rose in September, according to Reuters data, as the country’s steelmakers ramped up output in the face of global trade tensions about the country’s steel exports.

Thomson Reuters Supply Chain and Commodity Forecasts data showed 82.5 million tonnes of iron ore, which is used in steelmaking, arrived at Chinese ports in September – up 2.5 percent on August and not far off July’s near record levels.

The data, based on ship tracking and port figures, does not completely tally with official Chinese customs figures, but typically doesn’t vary from them by more than 4 percent. China, which consumes some two-thirds of global sea-born iron ore, will release official trade figures for last month on Oct 8.

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