 "China's iron ore appetite takes imports from India to 8-year high")
China’s purchases of iron ore from India rocketed to an eight-year high in the first half of 2020, fuelled by supply shocks at major producers and record steel output at the world’s largest steelmaker.
Shipments of the raw material from India more than doubled to 20 million tonne in the six months through June from a year earlier, according to China’s Customs data.
It was also the highest since the South Asian country shipped out 27.8 million tonne in the first half of 2012.
While India’s exports are rising, they were still a small sliver of China’s 547.2 million tonne of total ore imports in the first half.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%