U.S. Markets open in 28 mins

Has Trade War Affected China’s Steel and Iron Ore Demand?

Annie Gilroy
Has Trade War Affected China’s Steel and Iron Ore Demand?

China consumes more than 70% of seaborne-traded iron ore, so it’s important for iron ore investors to track the country’s demand and outlook to gauge the overall outlook for iron ore. After dropping by 12% YoY (year-over-year) in June, China’s iron ore imports rose 4.2% YoY to 89.96 million tons in July, which is a rise of 8.0% sequentially.