The RIO result was interesting in light of the Chinese Iron import figures that were released today
The RIO result was interesting in light of the Chinese Iron import figures that were released today. The 17% month on month spike in iron imports was not reflected in exports from Australia's iron ore producing hubs and caught analysts by surprise. Steady demand for iron ore is expected in the second half as steel mills continue to de-stock and margins remain steady. A good summary here on reuters (VIEW LINK)
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