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China's iron ore imports down 8.7% MoM in Jun

Jul. 12, 2012 (China Knowledge) - China, the world's largest steel maker, imported 58.31 million metric tons of iron ore and concentrate in June this year, reflecting a decline of 8.7% from May, according to the latest statistics released by the General Administration of Customs.

The iron ore imports last month represented an increase of 14.1% YoY. The average import price declined 1.48% MoM to US$139.07 per metric ton.
 
In the first six months of this year, the country's iron ore imports rose 9.7% YoY to 366 million metric tons, while the import value fell 5.9% to US$50.80 billion.

As of Jul. 6, the iron ore inventory at China's major ports reached 98.15 million metric tons, up 400,000 metric tons from a week ago.







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