China’s iron ore imports rose 5.1% on year in Apr, down from previous month
China’s iron ore imports rose 5.1% on year in Apr, down from previous month

China’s iron ore imports rose 5.1% on year in Apr, down from previous month

China’s imports of iron ore rose 5.1% in April from a year earlier to 90.4 million tonnes, customs data showed, as buyers anticipated strong demand for the steelmaking ingredient during the peak spring construction season.

The April volume was below 100.23 million tonnes imported in March as shrinking steel margins undermined buying interest and Cyclone Ilsa, which had threatened Australia’s northwest region, affected shipments.

In the first four months of the year, iron ore imports totalled 385 million tonnes, up 8.6% from a year ago, according to customs.