In April, China’s imports of iron ore increased by 11.4% over the previous month to 95.7 million tons. Thanks to domestic steel mills, they are returning to full production and driving demand for Iron Ore in the transport sector.
In particular, there was an upturn in imports from Brazil (+12.7% in April compared with the previous month) and Australian imports (+0.7%).
In the first four months of the year, the Dragon Empire imported 358.4 million tons of iron, up 5.3% compared to January-April 2019.
Translation by Giles Foster