China’s Iron Ore Imports Hit Record in Boost to Australia

(Bloomberg) — The value of China’s iron ore imports hit new heights in August even as policymakers try to cut steel production and calm commodity prices, likely boosting Australia’s exports despite the tensions between the two nations. China imported iron ore worth a record $20 billion in August, according to government data released Tuesday, as prices surged from a year earlier. Total volumes were 97.5 million tons.It was also a record month for the value of China’s overall imports from Austra


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