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South Korean Iron Ore Receipts Fall

Iron Ore

Iron ore imports into South Korea dropped to just over a three-year low of 4.7 Mt in May (-1.8 Mt year-on-year), according to customs data. Imports of Australian product tumbled to 3.4 Mt, down by 2.0 Mt on the year.

However, iron ore imports from Brazil edged up by 0.2 Mt to 0.8 Mt last month, while receipts from Canada gained by 0.1 Mt to 0.3 Mt.