BEIJING: China’s Dalian and Rizhao ports are feeling the strain of lower iron ore imports over January-June as a result of the country’s slowing steel production.
Iron ore throughput at Dalian port in northeast China’s Liaoning province fell 11.2% year on year in January-June to 8.29 million mt.
Revenue from the port’s iron ore business fell 26.1% year on year to Yuan 95.6 million ($14.9 million) in H1 2015.
Besides China’s weaker steel sector, throughput also fell because importers opted to use other ports amid rising costs for road and rail transportation from Dalian, the Shanghai-listed operator said in a half-year report Wednesday.
