In the January-August period this year, China imported 775.658 million mt of iron ore, up 7.4 percent year on year, as announced by the Chinese customs authorities on September 7.
In August alone, China imported 106.415 million mt of iron ore, up 10.6 percent year on year, while increasing by 13.8 percent month on month.
Import iron ore prices indicated an overall uptrend in August amid the firm demand from steelmakers after China issued several stimulus policies to boost economic development. At the same time, iron ore futures prices moved up, also exerting a positive impact on iron ore prices.