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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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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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