China's iron ore imports rose for a third straight month in September to a ...
BEIJING - China’s iron ore imports rose for a third straight month in September to a 20-month high, according to customs data released on Monday, fueled by firm demand at steel mills and stable shipments from big miners.
The world’s top iron ore consumer brought in 99.36 million tonnes of the mineral last month, the biggest purchase since January 2018, Reuters calculations showed. That was up 4.8% from 94.85 million tonnes in August and compared with 93.47 million tonnes a year earlier. Demand for iron ore at China’s steel mills has been firm despite some curbs last month when China implemented special measures to cut factory pollution ahead of celebrations for the 70th anniversary of the founding of the People’s Republic on Oct. 1.
“The curbs ahead of National Day were strict but were a one-off,” said Zhao Yu, analyst with Huatai Futures, speaking before data was released, noting that steel output has been running at high levels this year.
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