China’s Oct iron ore imports dip by 30 percent
Published on November 16, 2009 at 12:35
BEIJING (Commodity Online) : China’s General Administration of Customs on Monday said country’s iron ore imports in October dropped to 45.47 million tons, down 19.08 million tons or 30% from the previous month.
In a statement issued here, the GAC however said iron ore imports in October were 48.5% more than in the same month of last year.
Trade sitting at the comfort of home. Start with a mere 50$
Market analysts have said that the month-on-month plunge in iron imports in October was due to a decline in steel prices in August and September and that the country's iron ore imports will rebound as iron ore prices have been rising since mid-October.
In the first ten months of this year, China's iron ore imports increased 36.8% year on year to 514.81 million tons, while the cost of the iron ore imports fell 24.7% to $40.37 billion.
China's steel exports were 2.71 million tons last month, up 9.7% from September, reflecting growth for the fifth consecutive month.
The natural response of villagers in times of drought and floods is to leave their crops and cattle to flee to cities. But ICRISAT in association with a woman's self help group in Andhra Pradesh demonstrates how information technology and involvement of farmers can help predict such natural calamities and deal with them 
