China's Feb iron ore imports steady on month, but imports from Australia slip 4.4%

摘要

Singapore—China imported 90.5 million mt of iron ore in February, the lowest volume in five months, slipping 0.55% month on month, latest data from the General Administration of Customs showed. It imported 51.5 million mt of iron ore from Australia in February, a 4.36% monthon-month slide, but imports from other producers like Brazil and India recorded an increase. The growth in China's iron ore imports on a year-on-year basis remains resilient, with total imports over January-February rising 2.67% year on year. GAC had only provided combined January and February data in 2020.