Free Trial

MNI BRIEF: China Steps Up Iron Ore Supply To Curb Price Rises

(MNI) LONDON
BEIJING (MNI)

China will step up iron ore mining at both domestic and offshore operations to curb rising prices, Qu Xiuli, the vice chairwoman of the China Iron and Steel Association told a press conference Tuesday.

China imported 283 million tonnes of iron ore in Q1, up 8% y/y and the average import price was at USD150.79, increasing 64.51% y/y, according to Qu. MNI previously reported that the government ordered coal mines to increase supplies in response to fast-rising prices.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.