China: Iron ore imports marginally down m-o-m in Jul’21

The world’s largest iron ore consumer and importer, China, recorded imports of iron ore (including pellets) at 88.51 mn t in Jul’21 as against 89.42 mn t in Jun’21, according to the General Administration of Customs. The country’s imports decreased marginally by 1% on a m-o-m basis due to sustained crude steel production cuts. However, on a yearly basis, imports witnessed a decline of 21% vis-a-vis 112.65 mn t in Jul’20.