China’s iron ore imports decreased for a second month in November, driven mainly by reduced restocking demand at steel mills due to narrow profit margins. Namely, China imported 86.25 million tonnes of iron, which is a decrease of 2.4% from October.
The globe’s top steel producer brought in 86.25 million tons of iron ore last month, down 2.4% from 88.4 million tons in October and down 8.8 5% from 94.54 million tons a year earlier, data from the General Administration of Customs showed.
According...
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