SHANGHAI China imported
70.94 million tonnes of iron ore in December, marking a new
historical high, as well as a rise of 7.8 percent vs. November,
initial customs data show.
"The high imports coincided with
the jump in iron ore prices and reflected steel mills
high production rate," a Beijing trader told AMM
sister publication Steel First, saying it confirmed as
inaccurate the China Iron and Steel Associations
estimated drop in Decembers average daily crude steel
output to 1.918 million tonnes, down 2 percent from
Full-year iron ore imports rose 8.4 percent to 743.55
million tonnes, data show.
A version of this article was
first published by AMM sister publication Steel First.