China’s January Iron Ore Imports from Australia Rise 21% on Stronger Demand

Platts reported that China’s iron ore imports from Australia reached 32.42 million mt in January, which is 21% more than last year, based on the data provided by the General Administration of Customs.

As quoted in the market news:

Despite weak steel prices, a Singapore-based trader said there was strong demand for Australian iron ore last month as Chinese producers were operating their steel plants at high rates.

Click here to read the full Platts report.