Chinese Iron Ore Imports Close to Record High in June on Strong Steel Output

China imported a total of 101.7 million mt of iron ore in June, the second highest monthly imports on record, latest China Customs data showed, underpinned by robust demand from the Chinese steel mills and a recovery in supply from major iron ore producing countries such as Brazil.

Imports from Brazil recovered strongly by 46% on the month to reach 17 million mt, as Vale and other iron ore miners shrugged off impacts from the monsoon season, according to statistics released by the China Customs on July 25. Brazilian iron ore exports to China showed some early signs of recovery in April and May, according to the export statistics published by the Ministry of Industry, Foreign Trade and Services in Brazil…

View entirety: S&P Global Platts