China’s iron ore imports down 3.1% in January-August 2022

In the January-August period this year, China  imported 722.922 million mt of iron ore (iron-ore), down 3.1 % year on year, as announced by the Chinese customs authorities on September 7.

In August alone, China  imported 96.208 million mt of iron ore, down 1.3 % year on year, while up 5.4 % month on month.

In August, iron ore  prices moved down sharply in early August amid decreasing iron ore futures prices at Dalian Commodity Exchange (DCE) and rising supplies.

Later iron ore prices indicated a rebounding trend until mid August amid the increasing capacity utilization rates of blast furnaces in China.

However, iron ore prices softened again later in the month due to relatively high inventory levels.

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About AISU

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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92 Members

28 Board of Directors

17 Country

300.000 Employees

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