China: Iron ore imports up by 8% y-o-y in Q1 CY’21

China- the world’s largest iron ore consumer and importer recorded imports of iron ore at 283.4 mn t in Jan-Mar’21, according to the General Administration of Customs. The imports picked up by 8% on y-o-y basis due to increased demand supported by a firm consumption outlook. The country has recorded an iron ore import volume of 102.1 mn t in Mar’21, up by 19% y-o-y.