China’s iron ore imports fell 4.2% month-on-month in October for 2 consecutive months

China’s iron ore imports fell 4.2% month-on-month in October for 2 consecutive months

The Chinese customs office announced on the 7th that iron ore imports in October fell 4.2% month-on-month to 9.161 million tons, the second consecutive month of decline. Demand for iron ore was sluggish due to restraint of steel production. It decreased by 14.2% from the same period of the previous year. The background is the…