China imported 75.52 million tonnes of iron ore in October, down 12.3% from the previous month, official data from China's customs authority showed, with National Day holiday disruptions compounded by a slowdown in the domestic steel industry.
Slowing economic growth in China has had a massive impact on heavy industries like steelmaking and power generation, leading to a slump in demand for bulk commodities like iron ore and coal.
Iron ore imports in October were down 4.9% on the year, while shipments for the first 10 months of the year have reached 774.5 million tonnes, down 0.5% compared with last year.
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