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China May iron ore imports fall on expectations of seasonally slow demand
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China May iron ore imports fall on expectations of seasonally slow demand
BEIJING (Reuters) -China’s iron ore imports in May missed expectations, dropping 4.9% from April, as mills exercised caution in buying seaborne cargoes in anticipation of seasonally slower steel consumption. The world’s largest iron ore consumer brought in 98.13 million metric tons of the key steelmaking ingredient last month, data from the General Administration of Customs showed on Monday. May’s volume, which missed analysts’ expectations of a…
Contracts for September, the most negotiated, closed to US$ 97.77 per tonne
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