Iron ore stock at Chinese ports down 2.03 percent

On June 20, inventory of iron ore at 33 significant Chinese ports totaled up to 116.6896 million mt, down 2.03 percent compared to June 13, as introduced by China's Xinhua News Agency.Import iron ore rates bordered down in thot dipped galvanized steel coil pricehe given week.In the given week, the deliveries of iron ore to individuals increased sharply week on week, while iron ore volumes showing upppgi prepainted galvanized steel coil at ports declined.In the provided week, steel production outcome in China reduced slightly in the middle of dropping steel costs. Some steelmakers introduced maintenance help the conventional offseason, wGangya steelhich will put in an unfavorable influence on the need for iron ore. It is believed that import iron ore costs may decline in the coming period.

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