China’s iron ore imports up on demand
China’s iron ore imports rose 2.8 per cent for the first two months of 2021 from a year earlier, with demand for the steelmaking ingredient supported by a firm consumption outlook.
The world’s top steelmaking nation brought in 181.5 million tonnes of iron ore in January and February, according to data released by the General Administration of Customs on Sunday.
That’s up from 176.6 million tonnes for the same period a year earlier.
The rise was within analysts’ expectations, as shipments from China’s top two suppliers grew steadily.
Those arrivals from Australia and Brazil rose 11 per cent to 164 million tonnes, Refinitiv vessel-tracking data showed.