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| TITLE |
China's iron ore import volume may soar in Q4 |
| WRITER |
administrator |
DATE |
2010-10-21 18:24:26 |
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China's iron ore import volume may soar in Q4
Thu. 21. Oct. 2010
It is reported that China’s iron ore import volume was expected to rise in the rest of this year, reported by Reuters.
Due to high level of stocks and the prices, China’s steel mills have suspended purchase. Currently, the fallen iron ore price has pushed mills to place orders.
Meanwhile, China’s iron ore import in September has increased by 17.9% to 52.6 million tons; furthermore, dealers have seen the positive outlook in Q4.
Besides, the total import of iron ore from January to September was 457.6 million tons, down by 2.5% year on year.
However, even the import volume is expected to increase in Q4, China Iron and Steel Association (CISA) predicts that China’s iron ore import volume in 2010 would not exceed 627.8 million ton, the record high in 2009.
Source from Yieh Corp |
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