China’s iron ore imports increase by 9.8 percent in Q1

Thursday, 13 April 2023 13:36:21 (GMT+3)   |   Shanghai
       

In the January-March period this year, China imported 294.335 million mt of iron ore, up 9.8 percent year on year, as announced by the Chinese customs authorities.

In March alone, China imported 100.229 million mt of iron ore, up 10.6 percent month on month, while rising by 14.8 percent year on year.  

Finished steel prices were indicating an increasing trend until mid-March amid improved demand from downstream users, but followed a declining trend until late March amid decreasing iron ore prices and demand not being as good as market players had expected. Meanwhile, steel prices bottomed up from March 25 to March 31 with steel futures prices indicating a rebounding trend during that period. However, steel prices moved down further when entering April against the backdrop of steelmakers’ increasing capacity utilization rates and demand not being as good as expected from downstream users.


Similar articles

Daily iron ore prices CFR China - May 17, 2024

17 May | Scrap & Raw Materials

Major steel and raw material futures prices in China - May 16, 2024

17 May | Longs and Billet

Iron ore prices increase after futures rise amid better demand hopes

16 May | Scrap & Raw Materials

Major steel and raw material futures prices in China - May 16, 2024

16 May | Longs and Billet

Daily iron ore prices CFR China - May 15, 2024

15 May | Scrap & Raw Materials

Major steel and raw material futures prices in China - May 15, 2024

15 May | Longs and Billet

Daily iron ore prices CFR China - May 14, 2024

14 May | Scrap & Raw Materials

Major steel and raw material futures prices in China - May 14, 2024

14 May | Longs and Billet

Brazilian high-grade iron price relatively stable week-on-week

14 May | Scrap & Raw Materials

Daily iron ore prices CFR China - May 13, 2024

13 May | Scrap & Raw Materials