China Iron Ore Imports Surged In March From A Year Ago

Iron ore and concentrate imports totalled 100.23 million mt in March 2023, a year-on-year growth of 14.8%. YTD imports through March stood at 294.34 million mt, a year-on-year growth of 9.8%.

According to foreign media reports, China's imports of iron ore and its concentrates jumped in March, as expectations of strong steel demand brought about by China's economic recovery encouraged steelmakers to book more cargoes. Iron ore arrivals in China rose 14% year-on-year to 94.17 million mt in March, with about 86% coming from Australia and Brazil, according to Refinitiv ship-tracking data. Iron ore imports from India surged 84% to 2.68 million mt in March.