China’s biggest iron ore suppliers are optimistic about Beijing’s plans to roll out policies and stimuli to buttress the steel industry as the country faces economic headwinds and a struggling property industry.

Last week, Beijing introduced more of such stimulus policies including an additional 300 billion yuan ($44 billion) in quotas for infrastructure spending and investments by banks — on top of the 300 billion yuan already announced at the end of June. 

While there are uncertainties surrounding the strength of the demand and production of steel in China, miners such as Australia’s Fortescue Metals Group say there are so far no signs demand has crumbled given low levels of iron ore inventory at Chinese ports.

As a professional sourcing agent from China, we are not simply connect the client to a manufacture, but we would like to provide professional and customized project management service to our valuable client. If you need purchasing agency services from all over the world, and also imports resources from overseas into China, please contact us now.