Iron ore import price in H1 of 2008 up by 95% YoY in Fujian

July 24, 2008

July 24th (Steel Guru) – According to statistics from Fuzhou Customs, province Fujian imported 2.68million tons of iron ore in H1 of 2008 up by 42% YoY. The import value was USD400 million up by 180% YoY while the average import price was USD148.4 per tonne up by 95% YoY.

Main exporters to Fujian in H1 were India, Australia, Ukraine and Iran. Import quantities from Australia, Ukraine and Iran were 813,000 tonnes up by 91.3% YoY, 581,000 tonnes up by 230% YoY and 189,000 tonnes up by 29.5% YoY respectively. The import volume from India was 855,000 tonnes down by 9% YoY.

As per reports, the total iron ore import volume from four countries hereinbefore accounted for 91% in total import quantity in Fujian.

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