China’s imports of iron ore expand 21% in Jul

Published: Aug 8, 2019 13:58

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China imported 91.02 million mt of iron ores and concentrates in Jul, up 15.84 million mt from Jun

SHANGHAI, Aug 8 (SMM) – China imported 91.02 million mt of iron ores and concentrates in July, up 15.84 million mt, or 21.1% from June and 1.06 million mt from July 2018, showed SMM calculations based on data from China Customs on Thursday August 8.

This created a smaller year-over-year decline in year-to-date volumes. Iron ore imports in the first seven months of the year amounted to 591.49 million mt, down 4.7% from the same period last year, compared to a drop 5.9% for January-June.

Customs data also showed that China’s exports of steel product came in at 5.57 million mt last month, up 264,000 mt from a month ago but down 5.4% from a year ago.

Exports of steel products in January-July came in at 39.97 million mt, down 2.9% year on year.

Imports of steel products shrank 103,000 mt month on month to 842,000 mt in July. This brought imports in January-July to 6.66 million mt, down 13.4% from the same period last year.

Customs data Iron ore Steel

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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