Tianjin port posts rise in iron ore imports in H1
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- Issue Time
- Jul 24,2020
Summary
TIANJIN - China's Tianjin port saw iron ore imports rise 13.6 percent year-on-year to around 37.86 million tons in the first half of this year, according to Tianjin Customs.
![Tianjin port posts rise in iron ore imports in H1](https://icdn.tradew.com/file/201908/1573857/jpg/7385578.jpg?x-oss-process=image/quality,Q_90)
The reason for the continuous growth of iron ore imports is that China is steel industry has a huge demand for raw material and increasingly strict emviromental protection requirements.In this context,domestic steel mills have to increase the import of high-quality iron ore in order to optimize the utilization rate of blast furnace capacity.