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Tag Archives: Chinese steel companies

Iron ore imports and prices finish year strong

18 Wednesday Dec 2013

Posted by Angela Chao in Dry bulk shipping

≈ 1 Comment

Tags

China, Chinese steel companies, Iron ore import, iron ore producers, port of Tianjin, Shanghai Steelhome

Iron ore import levels and prices rebounded as the end of the year is just around the corner and as China, the largest buyer of iron ore in the world, increased imports to record levels. The picture was pretty gloomy in the beginning and through the spring of this year, when iron ore stockpiles were at their lowest level since 2009. But late summer demand for iron ore, predominantly from Chinese steel companies, whose production schedule has been booming, pulled the market out of its slump. November saw record numbers of iron ore imports, stockpiling and price increases. Analysts are predicting a strong finish for the year, as iron ore producers face not only increased global demand but also strong demand, at least for now, from the Chinese market. Continue reading →

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About Me

Angela Chao
Chairman and C.E.O. of Foremost Group, a leading shipping and trading enterprise, Angela Chao is an active businesswoman who serves on several boards and loves to volunteer. Angela comes from a loving and supportive family of Chinese descent. The Chao family dedicate themselves to serving and contributing to society.

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Recent Posts

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Baltic Capesize Index BDI Capesize rates China Chinese economy coal imports coal shipping Crude Oil Dalian Commodity Exchange dry bulk market dry bulk shipping dry bulk shipping market freight rates iron ore Iron ore prices iron ore shipping Iron ore shipping vessels shipping industry steel steel industry

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