China’s iron ore imports dip in August

China’s iron ore imports eased slightly in August even as the country’s crude steel output rose during the month.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Shipments totalled 69.01 million tonnes, down 5.7% from 73.14 million tonnes in July but still 10.6% higher on the year.

China’s crude steel output averaged 2.138 million tpd in August, up 1.2% on the month, according to data released by the National Bureau of Statistics on September 10. The figure follows three consecutive months of declines.

Arrivals from Australia – China’s top supplier – fell 7.7% month-on-month to 34.84 million tonnes, while those from Brazil edged upwards by 3.4% over the same period to 13.59 million tonnes.

Mauritania surged ahead to eighth place on China’s list of top suppliers, with 1.11 million tonnes of shipments, up 91.8% month-on-month.

Iron ore imports in August
69.01 million tonnes
Down 5.67% month-on-month
Up 10.6% year-on-year

Top iron ore suppliers in August
(million tonnes, month-on-month change)
Australia: 34.84, -7.7%
Brazil: 13.59, 3.4%
South Africa: 3.58, -14.9%
Iran: 2.15, 14.9%
Ukraine: 1.75, 171.5%
Indonesia: 1.27, -24.8%
Sierra Leone: 1.24, -9%
Mauritania: 1.11, 91.8%
Malaysia: 1.06, 17%

Source: Chinese customs

What to read next
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed