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China's steelmaking raw material imports mixed in March

Keywords: Tags  China imports, coking coal, iron ore, ferrous scrap, steelmaking raw materials

SHANGHAI — China’s iron ore imports rose in March but coking coal and ferrous scrap imports dropped, according to Chinese customs data released April 22.

China imported 64.55 million tonnes of iron ore in March, up 14.4 percent from February. Shipments from Australia, China’s largest overseas supplier, jumped 27.5 percent from the previous month to 32.17 million tonnes, but arrivals from Brazil and South Africa—the second- and third-largest suppliers, respectively—declined.

The country’s coking coal imports fell 14 percent in a bearish market to 4.6 million tonnes from 5.4 million tonnes in February, when the country took a weeklong national holiday for the Chinese New Year.

The low-volatility hard coking coal index of AMM sister publication Metal Bulletin fell 6.8 percent to $168.07 per tonne c.f.r. Jingtang March 29 from $180.32 per tonne at the beginning of the month.

China imported 379,641 tonnes of ferrous scrap in March, down 6.6 percent from the previous month. Shipments from Japan increased 6.9 percent to 267,486 tonnes, but imports from the United States—its second-largest overseas supplier—fell 48.8 percent to 63,453 tonnes.

Staff in Singapore contributed to this article.

A version of this article was first published by AMM sister publication Steel First.

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