China iron ore imports hit record in ’12

Jan 23, 2013 | 09:55 AM |

Tags  China imports, steelmaking raw materials, iron ore imports, coking coal imports, ferrous scrap imports, Chinese customs

SINGAPORE — China generally imported more steelmaking raw materials last year compared with 2011, Chinese customs data show.

Iron ore imports rose 8.4 percent from 2011 to a record 743.55 million tonnes.

Several large iron ore traders imported more iron ore in December compared with November—arrivals from Australia and Brazil rose 1 percent and 42.2 percent, respectively, to record levels—amid expectations of a further rise in prices, market sources told AMM....

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