Chinese iron ore imports log first fall this year as inventories rise

Jun 11, 2009 | 12:34 PM |

China's feverish iron ore imports may have turned the corner, falling in May for the first time this year as rising inventories at major Chinese ports cool off buying.

Imports totaled 53.5 million tonnes in May, down 6 percent from April but still 38 percent higher than May last year, according to preliminary data from China's General Administration of Customs. Imports of 241.9 million....

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