Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
China's iron ore imports from Australia rose 31.6% to 548.4-million tonnes last year, customs data showed on Friday, as soaring production by big miners drove down prices and eliminated some smaller suppliers. Giant miners such as Rio , BHP Billiton and Brazil's Vale have been ramping up iron ore output, and the glut is likely to get even bigger as a cooling economy in top consumer China hits demand.
China's iron ore imports from Australia rose 31.6% to 548.4-million tonnes last year, customs data showed on Friday, as soaring production by big miners drove down prices and eliminated some smaller suppliers. Giant miners such as Rio , BHP Billiton and Brazil's Vale have been ramping up iron ore output, and the glut is likely to get even bigger as a cooling economy in top consumer China hits demand.
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