Iron Ore Imports by China Hits All-Time High in December

Iron ore shipments by China touched an all-time high in December as low prices appeared to boost demands, as shipments hit 86.85 million metric tons.

According to Bloomberg:

Shipments climbed 29 percent to 86.85 million metric tons from 67.4 million tons in November and 73.4 million tons a year earlier, according to customs data today. Imports last month were the highest level on record, according to data compiled by Bloomberg dating back to 1990. Over 2014, they totaled 932.5 million tons from 820.3 million tons in 2013, the data showed.

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