15 hours ago The price of the commodity has been lifted by resilient demand from Chinas steel mills ramping up output to stimulate the economy and softer-than-expected output from overseas iron ore.
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Update 1fortescue Metals Quarterly Iron Ore Shipments
15 hours ago Australias Fortescue Metals Group Ltd posted a 5 rise in first-quarter iron ore shipments on Thursday, as demand in China for the steelmaking ingredient remained robust.
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Sep 11, 2020 China continues to prove the market commentators wrong on the iron ore front, with the Asian heavyweights imports still hitting record levels. In the past three months Chinas iron ore imports have climbed 20 per cent year on year, while year-to-date they are up 11 per cent compared to the previous year. August imports were.
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