[Ferro-Alloys.com] It's reported China’s domestic iron ore production continued to decline in October despite a steady increase in the prices for the steel making raw material throughout the month.
According to the National Bureau of Statistics (NBS), the country’s run-of-mine (ROM) iron ore output total 119.29 million tons last month, down 3% on the year. October’s ROM production rate – an average of 3.85 million TPD, is also 3% lower than September’s 3.96 million TPD. The drop came at a time when China’s iron ore imports grew 7%and prices increased steady.
China has mined 1.06 billion tonnes of iron ore in the first ten months of 2016, down 3.2% compared with the same period last year.
(Article from Internet for reference only)
- [Editor:Chen Zhen Seng]
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