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Article: China's iron ore stockpiles down to 70.98 mln tons by October 17.
- Article from:
- China Business News
- Article date:
- October 17, 2008
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China's iron ore stockpiles down to 70.98 mln tons by October 17
Shanghai. October 17. INTERFAX-CHINA - Iron ore stockpiles at China's 22 major ports stood at 70.98 million tons on Friday, Oct. 17, down 1.57 percent from Oct. 10, while Indian iron ore stockpiles dropped 2.58 percent to 18.91 million tons, according to figures released by Shanghai-based Mysteel.
Over the week, spot market prices for imported iron ore further dipped due to sluggish demand from downstream steel mills, depressed by weakening demand for steel products on the international market under the influence of the current global economic turmoil, as well slowing domestic economic growth, tight ...