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China's April iron ore imports up 5% y/y at 90.4 million tonnes

FULL STORYChina's imports of iron ore rose 5.1% in April from the same period the previous year, customs data showed on Tuesday, as buyers anticipated strong demand for the steelmaking ingredient during the peak spring construction season."According to our model, the usage of imported iron ore increased by over 6% in April, and therefore there is no surprise to see a mild year-on-year increase in imports in the past month," said Pei Hao, a Shanghai-based senior analyst at international brokerage... Read More

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China

April

Iron

Imports

90 Million

Tonnes

China s

Forex

Posted: May 9 2023, 06:19

Author Name: forexlive

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