China Imports 55.30 mln Tons of Iron Ore in Apr-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Market commentary
  • Macroeconomics
  • Zinc
  • Rare earth
  • Nickel
  • Aluminium
  • Iron ore
  • Sales data
  • Stainless steel
  • Copper
  • Futures movement
  • precious metals
  • MMi Iron Ore Port Index

China Imports 55.30 mln Tons of Iron Ore in Apr

Data Analysis 04:54:21PM May 25, 2010 Source:SMM

BEIJING, May 25 -- China, the world's biggest buyer of iron ore, imported 55.30 million metric tons of iron ore in April this year, 2.9% less than the same month of 2009, according to the country's General Administration of Customs.

Last month, iron ore imports from India were 12.90 million tons, up 16% year on year, but down 4% month on month.

Iron ore imports from Brazil in April increased 1.1% from a month earlier to 11.90 million tons. The total imports in the 12-month period ended April were 43 million tons, up 23% year on year.

Iron ore imports from Australia in April dropped 16% from March to 20 million tons. The total imports in the 12-month period ended April increased 11% year on year to 85 million tons.

In 2009, China discovered 3.52 billion metric tons of proven iron ore reserves, said the Ministry of Land and Resources. Iron ore imports soared 42% to a record 628 million metric tons last year, according to an earlier report from China Knowledge.

Last month, steel product exports were 4.31 million metric tons. During the period from January to April, China's steel product exports soared 99% year on year to 13.02 million metric tons, according to the Ministry of Industry and Information.


 

China Imports 55.30 mln Tons of Iron Ore in Apr

Data Analysis 04:54:21PM May 25, 2010 Source:SMM

BEIJING, May 25 -- China, the world's biggest buyer of iron ore, imported 55.30 million metric tons of iron ore in April this year, 2.9% less than the same month of 2009, according to the country's General Administration of Customs.

Last month, iron ore imports from India were 12.90 million tons, up 16% year on year, but down 4% month on month.

Iron ore imports from Brazil in April increased 1.1% from a month earlier to 11.90 million tons. The total imports in the 12-month period ended April were 43 million tons, up 23% year on year.

Iron ore imports from Australia in April dropped 16% from March to 20 million tons. The total imports in the 12-month period ended April increased 11% year on year to 85 million tons.

In 2009, China discovered 3.52 billion metric tons of proven iron ore reserves, said the Ministry of Land and Resources. Iron ore imports soared 42% to a record 628 million metric tons last year, according to an earlier report from China Knowledge.

Last month, steel product exports were 4.31 million metric tons. During the period from January to April, China's steel product exports soared 99% year on year to 13.02 million metric tons, according to the Ministry of Industry and Information.