Chinas iron ore imports rose 2.1 percent month on month
in May to 68.6 million tonnes, the third-highest monthly volume
in history, according to Chinese Customs data released June 21.
But shipments of coking coal and ferrous scrap both fell
compared with April.
Iron ore arrivals from
Australia rose 10.2 percent compared with April, while those
from Brazil fell 9.6 percent.
coal imports fell 6.5 percent to 6.5 million tonnes in May even
as Australia, its largest supplier, shipped 2.8 percent more
vs. April. Imports from Canada and the United States, the No. 3
and No. 4 suppliers, respectively, were mixed. Imports from
Canada fell 21.4 percent to 980,000 tonnes while those from the
United States rose 4.9 percent to 830,000 tonnes.
Coking coal imports in
the first five months of the year totaled 30.6 million tonnes,
up 66.8 percent from the same period last year.
China imported 340,952
tonnes of ferrous scrap in May, down 39 percent from April.
Arrivals from Japan, the largest supplier, fell 18.8 percent to
236,616 tonnes, while those from the United States plunged 60.7
percent to 73,932 tonnes.
Relatively higher international scrap prices made imports
difficult, market players said. "Even if scrap is offered at
$360 per tonne c.f.r. China, it is still 200 yuan ($32) per
tonne higher than domestic scrap prices. The offers were
actually even higher than $360 per tonne c.f.r. China," a
trader in Shanghai told AMM sister publication
A version of this article was first
published in AMM sister publication Steel