Wednesday 22 April 2015

Otmane El Rhazi : China's Q1 iron ore imports from Australia up 22.2% on year

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

China's iron-ore imports from Australia rose 22.2% to 144.4-million tonnes in the first quarter from a year earlier, customs data showed on Wednesday, as major producers ramped up production and increase shipments. Top miners Rio Tinto and BHP Billiton have boosted output, focusing on slashing costs to make returns and carve out market share as falling prices squeeze higher-cost miners.

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