Guangdong sees iron ore imports hit low in July
Beijing's macro-controls, a reversal of the steel supply and demand situation and the growing iron ore inventories in China took their toll on iron ore import demand by mid-2005. According to Gongbei Customs, both the iron ore import volume and price at Guangdong Port fell in July to the lowest level of the year. For the first seven months, iron ore imports at Guangdong Port totaled 9.67 million tons, up 12.5 percent year on year, and carried a trade value of $830 million, up 7.2 percent year on year. July imports, however, contributed only 1 million tons and $79.3 million in trade value to those figures.