China’s imports of iron ore and concentrates in August 2022 stood at 96.21 mnt, a y-o-y dip of 1.3%. On a m-o-m basis, however, iron ore imports rose 5% in August against 91.24 mnt in July, 2022.
Over January-August, 2022, imports of this key steel-making raw material was at 722.92 mnt, inching down 3% y-o-y.
The m-o-m rise in iron ore imports is primarily on account of higher capacity utilization rates of steel mills. The average daily finished steel output of CISA-affiliated mills rose 4.31% m-o-m in August.
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