In March this year, China’s imports of iron ore totaled 100.229 million mt, up 14.8 percent year on year, while the average import price stood at $117.7/mt, up by $11.43/mt compared to the average prices in the January-February period this year, up 10.76 percent year on year, according to the monthly statistics released by China's General Administration of Customs (GACC).
Meanwhile, according to Refinitiv, the American-British global provider of financial market data and infrastructure, in March of the current year the deliveries of import iron ore arriving in China reached 94.17 million mt, up 14 percent year on year, of which around 86 percent came from Australia and Brazil. At the same time, iron ore imports from India increased by 84 percent year on year to 2.68 million mt.
In March, shipments of Australian and Brazilian iron ore arriving in China amounted to 76.489 million mt and 31.945 million mt, up 38.6 percent and 38.4 percent, year on year, respectively, according to Refinitiv.