Chinese iron ore imports decline to 8 month low as demand slows

Saturday, 12 Nov 2011

China Iron ore and concentrates imports declined in October compared to September month.

The General Administration of Customs reported that China Iron ore and concentrates imports were 49.94 million tonnes in October, down 17.5% from 60.57 million tonnes in September 2011.

Month	2011	2010
September	60.6	52.6
October	49.9	45.7

In Million tonnes

source: steelhome

Turkish mills cut steel production on low demand

Tuesday, 01 Mar 2011

Reuters reported that Turkish mills cut steel production as political unrest in North Africa and the Middle East continued to depress demand for steel billet and rebar.

As per report, Turkish producers were offering steel billet at USD 640 per tonne to USD 650 per tonne and rebar at USD 680 FOB but no major sales were achieved at this level.(sourced:Reuters)