China recorded 3.9% annual growth in iron ore imports in November

In the first 11 months of this year, China's iron ore imports exceeded 1.08 billion tons, a significant increase compared to last year, representing an annual increase of 6.2%.

Towards the end of November, there was a decline in iron ore prices due to the impact of the Chinese government's policies aimed at controlling speculative activities in the iron ore market.

However, steel producers maintaining high capacity utilization rates ensured that demand remained strong this month. Currently, iron ore prices are increasing again along with the upward trend in iron ore futures prices.