In the January-April period this year, China’s iron ore imports amounted to 418.587 million mt, up 8.0 percent year on year, according to the latest data released by China's General Administration of Customs (GACC).
Iron ore is the only major commodity among four products - iron ore, finished steel, coal and natural gas - to record a year-on-year increase in cumulative import volume during the first four months, reflecting the steady domestic demand for upstream steelmaking raw materials.
In April alone, China’s iron ore imports totaled 103.854 million, down 0.85 percent month on month, while up 0.69 percent year on year.
$1 = RMB 6.8582
