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  • China March iron ore imports from Australia rise 7.5% on year to 58.95 mil mt

    China imported 58.95 million mt of iron ore from Australia in March, up 7.5% year on year and 

    up  17.8%  month   on   month, according   to   data   released   Wednesday  by  the  General 

    Administration of Customs. 


    Imports  from Brazil, China's  second-largest iron ore supplier, rose 8% year on year to 19.12 

    million mt in March, and 5.1% from the previous month. 


    Iron  ore  supply  from  Australia  represented  61.7% of China's total imports in March, down 

    63.94% from February. 


    Iron  ore  prices  remained  firm  in  March as stronger steel margins fueled demand for steel 

    feedstock. 


    More supplies from non-mainstream suppliers such as India sailed to Chinese ports in March. 

    Indian ore supplies reached 3.46 million mt in March, up from 0.81 million mt the year before, 

    and up 29% month on month. 


    China  the  world's  largest steel producer, imported 95.55 million mt of iron ore in March, up 

    11.4% year on year.

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