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.
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.
