Rift no barrier to China iron ore demand

Original article by Michael Smith
The Australian Financial Review – Page: 11 : 15-Jul-20

China has reported that its iron ore imports rose by 35.3 per cent year-on-year in June, following 3.9 per cent growth in May. The customs figures also show that the nation’s iron ore imports rose by 9.6 per cent to 547 million tonnes in the first six months of 2020. Xu Xiangchun of MySteel expects demand for iron ore to remain strong in coming months, but not at the same pace as June. China’s imports of Australian iron ore have not been impacted by growing tensions between the two nations.

CORPORATES
CHINA. GENERAL ADMINISTRATION OF CUSTOMS, MYSTEEL.COM LIMITED

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