China’s iron ore imports edged up in July to the second highest on record, as per the transport ministry, showing that the country’s appetite for the steel-making raw material is undiminished despite bulging stocks and surging prices. For full story, click here
India’s iron ore prices eased from last week’s three-month highs as China purchasers have pushed for lower prices, but Chinese steelmakers continued to build up stocks on fears of a breakdown in talks with iron ore suppliers. For full story, click here
Iron ore stocks at China’s major ports slid marginally to 74.52 million tonnes in the week to May 1, Chinica Shipbrokers Ltd. declared in a report, but massive imports continued to choke two of the country’s leadingt hubs. For full story, click here
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