Economics
One Billion Tons of Iron Ore Headed for China as Miners Jump
- Imports total 539 million tons over six months, customs says
- Shipments are seen on course to exceed last year’s record
Iron Ore Faces Extreme Volatility
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Iron ore imports by China this year are on course to exceed 1 billion metric tons by a comfortable margin, breaking 2016’s record, after first-half figures showed another jump in cargoes and highlighted the ability of the top steelmaker to absorb rising supplies. Miners’ shares advanced.