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Sunday, February 12, 2012

China iron ore imports in Jan down by 14pct

Sunday, 12 Feb 2012

China Knowledge reported that China, the world's largest iron ore importer and steel maker, saw its iron ore import fell 13.9% YoY to 59.32 million tonnes in January last year.

According to latest statistics released by the General Administration of Customs, the iron ore import last month reflected a 7.4% decline from the previous month. The average import price of iron ore dropped 10.9% YoY to USD 136.5 per tonne in January.

(Sourced from China Knowledge)

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