China November iron ore imports down for second month as top miners ship less

(Reuters) – China’s iron ore imports fell for a second straight month in November, customs data showed on Sunday, as lower shipments from top miners in Australia and Brazil overshadowed firm demand for the steelmaking ingredient at mills.

The world’s top steel producer brought in 90.65 million tonnes of iron ore last month, down 2.4% from 92.86 million tonnes in October and compared with 86.25 million tonnes a year earlier, data from the General Administration of Customs showed.

For the first 11 months of 2019, iron ore arrivals reached 970.69 million tonnes, down 0.7% on an annual basis.

Data from Australia’s Port Hedland showed it shipped less iron ore to China in October, down 0.7% from a month earlier.

Brazilian miner Vale, meanwhile, has halted production at various mines after a deadly dam collapse in early January and has forecast a near 15% sales drop in 2019.

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