Tag: China Iron ore Import

China, the world’s largest iron ore consumer and importer, recorded imports of the material at 89.79 million tonnes (mn t) in May’21 against 98.57 mn t in Apr’21, according to the General Administration of Customs data. The imports dropped by 9% month-on-month (m-o-m) due to falling steel margins from mid-May amidst a renewed surge in…