The China Iron and Steel Association (CISA) has announced that in January this year China’s Ministry of Commerce (MOC) issued iron ore import licenses for a total of 202 million mt, up 159.97 percent month on month, valued at $14.549 billion.
In January this year, the iron ore import licenses issued by China for Australian and Brazilian iron ore amounted to 117.0751 million mt and 43.9112 million mt respectively, up 131.81 percent and 191.45 percent month on month, with respective values of $8.007 billion and $3.526 billion.
Licenses issued for imports of Indian iron ore in January amounted to 2.6595 million mt, up 90.49 percent month on month, valued at $203 million, while licenses issued for iron ore from other countries amounted to 38.356 million mt, valued at $2.813 billion.