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Chinese Iron Ore imports increase in August

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BEIJING (Scrap Register): China's Iron Ore imports during the period of August was seen to slightly increase on the back of increasing Steel prices which increased the demand for high grade foreign ore in the world’s biggest steel producer.

During the last month, the Iron Ore imports were seen at 88.66 million tons, which increase by about 1.1 percent when compared to a year ago period, as per General Administration of Customs data.

“Domestic iron ore production in China also continues to be under pressure because of the environmental protection measures which prevent them from expanding,” Helen Lau, analyst, Agronauts Securities, Hong Kong.

Beijing has committed to meet its politically important air quality targets by shutting as much as half of the steel capacity in some northern cities this winter, including the top steel producing city of Tangshang.

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