China iron ore imports to fall further, following Q1 drop: Barclays

摘要

China is likely to see iron oreimport volumes squeezed further on supplycurtailments in Brazil and Australia aftera 3.6% contraction in the first quarter,investment bank Barclays said.“In the first quarter, imports contractedby 3.6% year-on-year but all eyes are ontheir future level, given that we are nowgetting into the time frame when disruptionsfrom Brazil will start to take effect,” Barclayssaid in a note late Monday.