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China: Iron ore inventory at ports up 3.43%

On August 1, inventory of iron ore at 33 major Chinese ports amounted to 125.8565 million mt, up 3.43% compared to July 26, as announced by China’s Xinhua News Agency.

Import iron ore prices moved up sharply in the given week.

In the given week, deliveries of iron ore to users indicated declines, especially deliveries of iron ore from Brazil which decreased significantly, while iron ore volumes arriving at Chinese ports continued to decrease.

Capacity utilization rates of blast furnaces in China decreased further, which resulted in reduced demand for iron ore .
However, market players think the capacity utilization rates of blast furnaces will rise amid the increases in finished steel prices.

It is thought that import iron ore prices may edge up slightly in the coming week.

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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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300.000 Employees

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