China's iron ore output down YOY and MOM in Apr
According to the data released by National Bureau of Statistics (NBS), in April, China produced 85.79 million tons of iron ore, a decrease of 8.97 million tons from the previous month, down by 9.5% and 4.5% month-on-month and year-on-year respectively; in January-April, China's iron ore output totaled 337.08 million tons, a decline of 0.9% year-on-year.