China's Nov iron-ore imports hit second lowest this year

Chinese iron-ore imports tumbled to their second-lowest this year, data showed on Monday, as steel mills and traders in the world's top consumer held back on restocking amid expectations of further price falls. Shipments to China slid 15.1% to 67.4-million tonnes in November from the previous month and were down 13.4% on a year earlier, according to data released by the General Administration of Customs.