Iron ore concentrate floating prices were flat this week as buyers remain price sensitive on high-grade ores following gains in the underlying 65pc fines index.

Vehicle sales in China increased by 14.5pc in May from a year earlier, in only the second year-on-year increase since June 2018.

China's Jan-Apr steel imports soar; to remain strong in Q3

China's demand for iron ore concs imports seen thinning amid high 65%-Fe indexes

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A railway in Inner Mongolia and a skyscraper in Africa are two of the major projects recently completed by private companies from Guangdong province.

State utility Electric Power Industry of Montenegro (EPCG) signed an agreement on Tuesday with a consortium spearheaded by China's Dongfang Electric Corporation (DEC) on the reconstruction of Montenegro's only coal power plant built in 1982.

Vale's decision to suspend iron ore mining at its Itabira complex in Brazil will have little effect on the Chinese and global iron ore market despite the marginal effect on the Brazilian market, analysts said.