China has imported the highest amount of iron ore in four months in April as greater steel production boosted demand.
China imported 67.15 million tonnes of iron ore in April, an increase of 16.4% from the same month last year.
April imports rose 4% on month.
China imported 253.6 million tons of iron ore in the first four months, up 3.9% on year.
Iron ore with 62 percent iron content delivered to Tianjin port added 1.5 percent to $130 a tonne yesterday, the first increase since April 12.
In mid-day trading, BHP Billiton (ASX: BHP) was up 1.54% to $34.19, Rio Tinto (ASX: RIO) gained 1.92% to $58.49, Fortescue Metals (ASX: FMG) rose 5.56% to $3.895 and Atlas Iron (ASX: AGO) climbed 10.44% to A$1.005.
This follows gains made in the past two trading days.
On Monday, Port Hedland, the world's largest iron ore export port shipped four per cent more iron ore in April over March as re-stocking by China at lower prices took effect. Reported by Proactive Investors 6 hours ago.
China imported 67.15 million tonnes of iron ore in April, an increase of 16.4% from the same month last year.
April imports rose 4% on month.
China imported 253.6 million tons of iron ore in the first four months, up 3.9% on year.
Iron ore with 62 percent iron content delivered to Tianjin port added 1.5 percent to $130 a tonne yesterday, the first increase since April 12.
In mid-day trading, BHP Billiton (ASX: BHP) was up 1.54% to $34.19, Rio Tinto (ASX: RIO) gained 1.92% to $58.49, Fortescue Metals (ASX: FMG) rose 5.56% to $3.895 and Atlas Iron (ASX: AGO) climbed 10.44% to A$1.005.
This follows gains made in the past two trading days.
On Monday, Port Hedland, the world's largest iron ore export port shipped four per cent more iron ore in April over March as re-stocking by China at lower prices took effect. Reported by Proactive Investors 6 hours ago.