China's Iron Ore Imports Down 13.9% in Jan

Feb. 10, 2012 (China Knowledge) - China, the world's largest iron ore importer and steel maker, saw its iron ore import fell 13.9% year on year to 59.32 million metric tons in January last year, according to latest statistics released by the General Administration of Customs.

The iron ore import last month reflected a 7.4% decline from the previous month. The average import price of iron ore dropped 10.9% YoY to USD 136.5 per tonne in January.