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China Steel: Import: Iron Ore data was reported at 1,125,632.600 Ton th in Dec 2021. This records a decrease from the previous number of 1,170,370.100 Ton th for Dec 2020. China Steel: Import: Iron Ore data is updated yearly, averaging 443,657.408 Ton th (Median) from Dec 1995 to 2021, with 27 observations.
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In the first four months of the year Chinese iron ore imports were up by 6.7%. In the five months that followed, between May and September, Chinese iron ore imports totalled 460.8m tonnes, representing 49.5m tonnes less than in the same period of 2020, a loss equivalent to 165 Very Large Ore Carrier (Capesize) loads (300,000 tonnes).
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In contrast to the trade situation of iron ore and ferrous wastes, ferroalloys, ferrous materials, and iron-containing end products were the main components of China's iron export trade. ... In 2018, China's iron ore imports from Australia accounted for 63.88% of its total imports. China has a large number of poor iron ore that is of low ...
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At the same time, there is a huge trade surplus in China's iron international trade, which reached nearly US $632.1 billion in 2018. China's steel- and iron-bearing terminal products are the main commodity exports, whereas iron ore, pig iron, and crude steel are the main imports. In 2018, most of China's iron imports were raw materials.
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The Mineral Commodity Summaries described the current situation very well, "Significant decreases in production, shipments, and trade in 2020 were due to the ongoing effects of the COVID-19 pandemic, which lowered steel production and consumption globally. ... China's 2018 iron ore imports fall: Correction | Argus Media. …
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Total annual iron ore imports to China fell in 2018 compared to 2017, totalling 1.06 billion tonnes. Despite it being a small decline, just one per cent lower than imports in 2017, this likely marks a turning point in Chinese iron ore imports. 2018 was the first time since 2010, that annual imports were lower than the previous year, and …
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