China Imported 550.76 million tonnes of Iron Ore in First Nine Months

  • Tuesday, October 30, 2012
  • Source:Ferro-Alloys.com

  • Keywords:China Iron Ore
[Fellow]-

[Ferro-Alloys.com]The NDRC data showed that China imported 550.76 million tonnes of iron ore, up 8.4 percent year on year from January to September, while exports of steel products rose 10.2 percent from the previous year to 40.94 million tonnes.

 
The steel and iron industry has been mired in a slowing economy that expanded 7.7 percent year on year in the first three quarters, with the industry's combined profits plunging 53.4 percent from the previous year to RMB82 billion (13 billion U.S. dollars) in the January-August period, according to the NDRC data.

 

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