China's iron ore imports in the fourth quarter will improve

Chinese President PROCEEDINGS CCCMC recently said that the fourth quarter of China's iron ore imports will increase to a certain extent, as companies replenish stocks, and the recent weakness of iron ore import price rise.

National Bureau of Statistics announced earlier, China September iron ore output reached 9,354.7 million tons, an increase of 9.4%; crude steel output reached 4,795 million tons, down 5.9%; steel output reached 6,543 tons, an increase of 4.5%.

Secretary-General of China Iron and Steel Industry Association said earlier that China is still single, the number of China's iron ore imports this year, or no more than last year. In response to the high cost of ore, scrap steel in China will increase recycling efforts, recycling steel scrap is expected to reach 100 million tons this year, will show a gradual upward trend in the future.