Tianjin port posts rise in iron ore imports in H1

Time:2020-07-23 14:59:43      Source:ChinaDaily.com

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 sustained growth in iron ore imports is attributed to the huge raw materials demand of the country's steel industry and increasingly strict environmental protection requirements, under which domestic steel mills have to increase the imports of high-quality iron ore to optimize the capacity utilization rate of their blast furnaces.

The iron ore imports via the port during the six-month period mainly came from Australia and Brazil, which together provided more than 89 percent of the port's total iron ore imports.

Meanwhile, the port has seen increased iron ore imports from countries and regions along the Belt and Road including South Africa, Mozambique and Mauritania.

The port on the coast of the Bohai Sea is a pivotal shipping outlet for the Beijing-Tianjin-Hebei region.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-19
Shuozhou 5200 435 0 FOR 06-19
Ordos 5500 415 0 ex-mine 06-19
Yulin 6200 535 0 ex-mine 06-19
Liulin Low-sulphur 560 0 ex-mine 06-19
Gujiao Low-sulphur 1095 0 FOR 06-19
Xingtai Low-sulphur 1210 0 ex-Factory 06-19
Yangquan PCI 770 0 FOR 06-19
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