Chinese ultrafine mill imports increase

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ultrafine mill

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Ultrafine mill imports by China, the world’s biggest buyer of the commodity, climbed to a 20-month high on speculation steel demand may increase. Imports totaled 65.01 million tons in September, Chinas customs bureau said. The shipments, the highest since January 2011, rose 4.1 percent from August and 7.3 percent from the 60.57 million tons a year earlier. Prices for the steel-making material, which plunged to a near three-year low of $US86.70 a ton on September 5, have rebounded 32 per cent after China announced plans for extra infrastructure spending. The nation’s exports grew at the fastest pace in three months in September, easing concern the global economy is heading for the first recession since 2009. Expectation of higher steel consumption in autumn also triggered some buying activities, said Zhou Yuanjian, a Shanghai-based analyst with Mysteel.com. Ultrafine mill inventories held at Chinese ports have dropped 3.7 percent to 96.35 million tons as of October 12, from a record 100.1 million tons set in July, according to data from Shanghai Steel home. An aggressive industry-wide destocking of ultrafine mill had ended, Graeme Train, a Shanghai-based analyst with Macquarie Group, said last month in Dalian. Shanghai Oriental is professional in manufacturing ultrafine mill crushers, ore crusher, jaw crusher, mobile crusher, and impact crusher. Our machines export to more than 120 countries and places all over the world and enjoy great reputation.

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