Daily iron ore price update (down as imports surge)

Wednesday, 14 January 2015

by Chris Becker

The iron ore complex continues to tumble post New Year with landed iron ore still below $70USD per tonne, as Qingdao prices slump amid falling port stocks and of course, falling rebar prices.

Heres a good visualition of yearly iron ore imports by China, nearing 1 billion tonnes, after yesterdays trade balance figures:

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