As reported by
China-based newspaper Securities Times,
China-based Nantong Port's
iron ore imports in the first half of the year reached 110 lots, amounted to 532.4 metric tons. Meanwhile, the import prices of
iron ore increased $170/mt, rising by 51.8 percent compared to the same period 2010 and establish a new record.
The reasons that caused the import price increases are mainly the state of being highly dependent on foreign supply and the structure of the international
iron ore market.