{"id":1848,"date":"2017-11-08T13:27:19","date_gmt":"2017-11-08T13:27:19","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=1848"},"modified":"2017-11-08T13:27:19","modified_gmt":"2017-11-08T13:27:19","slug":"china-iron-ore-imports-plunge-in-october-amid-steel-capacity-cuts","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/china-iron-ore-imports-plunge-in-october-amid-steel-capacity-cuts\/","title":{"rendered":"China Iron Ore Imports Plunge in October Amid Steel Capacity Cuts"},"content":{"rendered":"<p style=\"text-align: justify;\">China, the world\u2019s largest importer of iron ore, has imported 79.5 MnT iron ore in Oct\u201917. The country\u2019s iron ore imports have come down sharply by 23% M-o-M against record high imports of 102.83 MnT in Sept\u201917.<\/p>\n<p style=\"text-align: justify;\">As per reports, country\u2019s iron ore imports in October is lowest monthly iron ore imports since Feb\u201916.<\/p>\n<p style=\"text-align: justify;\">The China iron ore imports are down 2% Y-o-Y against 81.8 MnT in Oct\u201916. For the first ten months of 2017 imports were up 6% to 906 MnT against the same period last year.<\/p>\n<p style=\"text-align: justify;\">Amid week long National Day holidays in China observed in beginning of October, trade activities remained on the lower side resulting in reduced iron ore imports. Also arriving winter season will lead to lesser construction activities and hence lesser iron ore imports.<\/p>\n<p style=\"text-align: justify;\"><strong>China\u2019s falling iron ore demand amid announced steel production cuts &#8211;<\/strong>\u00a0With a purpose to reduce air pollution, Chinese govt has announced restrictions on steel production during Oct\u201917- Mar\u201918. This will affect steel makers in Hebei, Shanxi, Tianjin, Shandong and Henan areas, at above mentioned period they will cut back on iron ore demand by 70.64 MnT. Among those areas Hebei will be affected most, Hebei will cut back on iron ore consumption by 33.64 MnT (i.e 1.44, 4.55, 8.21,8.11, 7.16, 4.14 MnT from Oct\u201917 to March\u201918).<\/p>\n<p style=\"text-align: justify;\"><strong>Monthly average spot iron ore prices dropped by USD 10\/MT in Oct\u201917 &#8211;<\/strong>\u00a0Monthly average spot iron ore fines (Fe 62%) prices were analyzed at USD 61\/MT, CFR China in Oct\u201917 against USD 71\/MT, CFR China in Sept\u201917.<\/p>\n<p style=\"text-align: justify;\">China accounts for nearly 70% of world\u2019s seaborne iron ore trade and imports iron ore majorly from Australia, Brazil, South Africa, India, Ukraine and Iran.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1850 aligncenter\" src=\"http:\/\/kjtehrani.com\/en\/wp-content\/uploads\/2017\/11\/26-1.jpg\" alt=\"\" width=\"628\" height=\"350\" \/><\/p>\n<p style=\"text-align: justify;\"><strong>Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)<br \/>\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China, the world\u2019s largest importer of iron ore, has imported 79.5 MnT iron ore in Oct\u201917. The country\u2019s iron ore imports have come down sharply by 23% M-o-M against record high imports of 102.83 MnT in Sept\u201917. As per reports, country\u2019s iron ore imports in October is lowest monthly iron ore imports since Feb\u201916. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[53,65,62,45,47],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Iron Ore Imports Plunge in October Amid Steel Capacity Cuts - Keyvan Jafari Tehrani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kjtehrani.com\/en\/china-iron-ore-imports-plunge-in-october-amid-steel-capacity-cuts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Iron Ore Imports Plunge in October Amid Steel Capacity Cuts - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"China, the world\u2019s largest importer of iron ore, has imported 79.5 MnT iron ore in Oct\u201917. The country\u2019s iron ore imports have come down sharply by 23% M-o-M against record high imports of 102.83 MnT in Sept\u201917. As per reports, country\u2019s iron ore imports in October is lowest monthly iron ore imports since Feb\u201916. 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He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. Keyvan had 158th successful attendance as Keynote S., Speaker or panelist in International Overseas Conferences Worldwide during the past Decade.\",\"sameAs\":[\"http:\/\/kjtehrani.com\"],\"url\":\"https:\/\/kjtehrani.com\/en\/author\/kjtehrani\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China Iron Ore Imports Plunge in October Amid Steel Capacity Cuts - Keyvan Jafari Tehrani","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/kjtehrani.com\/en\/china-iron-ore-imports-plunge-in-october-amid-steel-capacity-cuts\/","og_locale":"en_US","og_type":"article","og_title":"China Iron Ore Imports Plunge in October Amid Steel Capacity Cuts - Keyvan Jafari Tehrani","og_description":"China, the world\u2019s largest importer of iron ore, has imported 79.5 MnT iron ore in Oct\u201917. The country\u2019s iron ore imports have come down sharply by 23% M-o-M against record high imports of 102.83 MnT in Sept\u201917. As per reports, country\u2019s iron ore imports in October is lowest monthly iron ore imports since Feb\u201916. 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He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. Keyvan had 158th successful attendance as Keynote S., Speaker or panelist in International Overseas Conferences Worldwide during the past Decade.","sameAs":["http:\/\/kjtehrani.com"],"url":"https:\/\/kjtehrani.com\/en\/author\/kjtehrani\/"}]}},"_links":{"self":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts\/1848"}],"collection":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/comments?post=1848"}],"version-history":[{"count":3,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts\/1848\/revisions"}],"predecessor-version":[{"id":1853,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts\/1848\/revisions\/1853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/media\/1851"}],"wp:attachment":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/media?parent=1848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/categories?post=1848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/tags?post=1848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}