China Iron Ore Imports Fall for Third Month on Demand
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Iron ore imports by China, the largest buyer, fell for a third month as steel prices slide amid weakening demand from automakers and builders. Exports of steel products gained to the highest level since September 2008.
Imports dropped 9 percent to 47.2 million metric tons in June from 51.9 million tons in May, according to data provided by the General Administration of Customs today. Imports fell 15 percent from 55.3 million tons a year earlier.