Iron ore inventories at Chinese ports continue to rise gradually

On July 6, inventory of iron ore at 33 major Chinese ports amounted to 91.28 million mt, up 0.72 million mt or 0.8 percent compared to June 29, as announced by China’s Xinhua News Agency.

In the previous week ending June 29, inventories increased by 1.09 percent, as SteelOrbis reported earlier.

In the week ending July 6, import iron ore prices in China edged up slightly. Meanwhile, shipments from miners have increased.

The capacity utilization rates of blast furnaces in China almost remained in line with the previous week, while some regions issued policies restricting steel production, Tangshan in particular, which may put pressure on demand for iron ore. At the same time, supply of iron ore will likely improve further.

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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