The China Iron and Steel Association (CISA) has announced that in March this year China’s Ministry of Commerce (MOC) issued iron ore import licenses for a total of 118.0475 million mt, up 4.53 percent month on month, valued at $8.78 billion.
In March this year, the iron ore import licenses issued by China for Australian and Brazilian iron ore amounted to 72.3478 million mt and 25.492 million mt respectively, up 2.05 percent and 16.0 percent month on month, with respective values of $5.14 billion and $2.12 billion.
Licenses issued for imports of Indian iron ore in March amounted to 2.9531 million mt, up 48.84 percent month on month, valued at $193 million, while licenses issued for iron ore from other countries amounted to 17.2547 million mt, valued at $1.326 billion.