Tag: China pellet imports
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China: Pellets imports drop over 40% y-o-y in Jan-Oct’22 on weak demand
China’s imports of pellets and concentrates dropped 44.77% y-o-y to 13.58 million tonnes (mnt) in January-October 2022 as against 19.66 mnt recorded in the corresponding period last year (CPLY), according to the General Administration of Customs. Imports fell y-o-y due to sustained crude steel production cuts, slow bookings by traders in anticipation of weak demand…