SMM Hot Topic: Limited Growth in Iron Ore Imports from Russia & Ukraine Amid Conflict

[SMM Hot Topic: "Aftermath" of the Russia-Ukraine Conflict: Growth in Iron Ore Import Volume Limited]

SMM has reviewed the iron ore import volume from Russia and Ukraine to China in recent years. Data shows that the iron ore import volume from these two countries accounted for only 0.87-3.2% of the total imports. 2020 was the peak year for imports from Russia and Ukraine, with a total volume of approximately 37.42 million mt, accounting for 3.2% of China's total iron ore imports, marking the highest level in the past decade. The Russia-Ukraine conflict has significantly impacted Ukraine's iron ore exports; in contrast, Russia's import volume has remained relatively stable...