The China Iron and Steel Association (CISA) has announced that in May this year China’s Ministry of Commerce (MOC) issued iron ore import licenses for a total of 122.314 million mt, up 5.82 percent month on month, valued at $8.315 billion.
In May this year, the iron ore import licenses issued by China for Australian and Brazilian iron ore amounted to 79.2744 million mt and 24.6863 million mt respectively, up 3.72 percent and 12.52 percent month on month, with respective values of $5.167 billion and $1.844 billion.
Licenses issued for imports of Indian iron ore in May amounted to 2.2145 million mt, up 16.6 percent month on month, valued at $136 million, while licenses issued for iron ore from other countries amounted to 16.1388 million mt, valued at $1.168 billion.