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Australian iron ore exports rise in July
Australian iron ore producers exported 75mn t of iron ore in July, up by 5pc on the year, despite declining South Korean and Vietnamese demand. Australia exported 4.3mn t of ore to South Korea and 663,158t of iron ore to Vietnam in July, down by 22pc and 37pc on the year, respectively. Steelmakers in South Korea cut production by 5pc on the year in July, from 5.5mn t to 5.3mn t. Chinese steelmakers bought 63mn t of Australian ore in July, up by 7.4pc on the year. The country's crude steel production rose in early and mid-August, but market participants expect it to fall from late-August to early-September. Australian ... (full story)
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