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21 Apr
03:35

Japanese/South Korean first-quarter iron ore imports decline

The impact of the coronavirus outbreak on downstream demand has been impacting upstream steel raw materials demand in the first quarter of 2020. Both Japan and South Korea saw declining imports of iron ore through the quarter, Kallanish notes. Data for March from Japan’s Ministry of Finance showed that iron ore import volumes decreased by -14.5% year-on-year to 8.39 million tonnes. The volume during the first quarter overall dropped by -6.1% f…
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