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China reduced iron ore imports by 5.6 percent

In August 2013, China imported 69.010 million tons of iron ore, which is 5.6 percent less than the July record result of 73.140 million tons. This is evidenced by the data of China's customs statistics.

Meanwhile, despite the monthly fall, in August 2013, an annual comparison increased an increase in the import of zhRS by 10.5 percent.

Strong imports are due to the stable growth of Chinese production of steel, whose average daily indicator in August was at the level of 2 million 100 thousand tons compared to 2 million in July.

The consumption growth raised the prices of iron ore with an iron content of 62 percent to a five -month maximum at the level of $ 143 per ton, which is 6 percent higher than the July indicator. However, there is an opinion that metallurgists who have replenished their reserves in the raw materials can reduce the purchases of the ZhRS and the price is consolidated at a mark of $ 130 per ton.


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