hi magix, thanks for providing us with some hard data. Keep us...

hi magix, thanks for providing us with some hard data. Keep us updated if you do happen to see a change.


Total Imported Iron Ore in China fell by 4MT for the month of May it was reported, and they've fallen another 4MT in the month of June.

http://au.ibtimes.com/articles/20100712/china-imports-of-iron-ore-copper-fall-in-june.htm

"he market will be expecting both companies to address the noticeable slowdown in Chinese iron ore imports in recent months, the latest being an 9.1% fall in June from May.

It was the third monthly fall in a row and iron ore imports are now down a massive 25% from the monthly figure for December 2009.

At the same time spot iron ore prices fell again last week.

Imports dropped to 47.2 million tonnes in June from 51.9 million tonnes in May.

Imports were down 15% from 55.3 million tonnes in June of last year.

In March they hit 59.01 million tonnes and were 49.38 million tonnes in February.

Iron ore imports totalled 62.16 million tonnes back in December of last year, so the fall since then has been substantial, around 15 million tonnes, or 25%.

Chinese steel prices have fallen more than 15% in the past two months as activity in housing slows and car production drops."