China slows ore imports

Standard by BMI Editorial

Chinese steel mills are deferring shipments of iron ore from Australia and Brazil after sharp falls in domestic steel product prices, according to traders in Hong Kong. They reported that recent price declines have destroyed confidence in China, which saw crude steel output jump by about 25 per cent in the first four months despite Beijing’s measures to cool the sector’s growth.

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Business Business/Commerce Miscellaneous In-Depth Materials & Commodities China Iron and steel Iron Ore Steel

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