China’s iron ore imports in Jan-Mar’22 totalled 268.4 mnt, down 5.2% on year, according to data released by the country’s General Administration of Customs. China’s crude steel production stood at 243.4 mnt in Q1, down 10.5% from the same period a year earlier.
Among the other leading seaborne iron ore consumers, Japan saw imports at around 27 mnt during the quarter, largely stable y-o-y. South Korea, on the other hand, recorded a drop of around 7% y-o-y in iron ore imports during Jan-Mar’22 at 17.4 mnt.
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