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Home News Item China Demand Drop Pushes Iron Ore Shipping Rates to 5-Year Low
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China Demand Drop Pushes Iron Ore Shipping Rates to 5-Year Low

december 17, 2014by 0

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Iron ore and shipping costs plunged to the lowest in five years amid signs China’s slowing economic growth and a glut of the commodity are sapping seaborne trade. China imported 67.4 million tons of iron ore in November, down 15 percent from October, according to customs data. This was the first November decline in China’s iron ore imports since 1998. The only other time November imports fell since records…

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