China, the world’s top buyer of iron ore, imported 67.15 million tonnes of the raw material in April, the third highest on record and up 4 per cent from March, customs data showed on Wednesday.
Despite signs of weak demand and declining margins, China’s steel sector, the world’s biggest, continued to produce more than 2 million tonnes a day in April, traditionally the start of the country’s peak steel consumption season. Reported by S.China Morning Post 5 hours ago.
Despite signs of weak demand and declining margins, China’s steel sector, the world’s biggest, continued to produce more than 2 million tonnes a day in April, traditionally the start of the country’s peak steel consumption season. Reported by S.China Morning Post 5 hours ago.