A post by @FirstSquawk on X.
China imports 105.66 million tonnes of iron ore in October, down from 109.82 million tonnes a month earlier.
@FirstSquawk on X
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China’s October iron ore imports fell to 105.66 million tonnes from 109.82 million tonnes in September, a month-on-month decline of about 3.8%. The pullback in the world’s largest iron ore buyer matters for major suppliers such as Australia and Brazil and for steelmaking margins. Watch next for whether the softer October intake reflects temporary shipping or port disruptions or weaker steel demand, and whether November volumes rebound.
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iron ore, China