China’s iron ore imports slide in April

According to statistics from the General Administration of Customs of China, China’s iron ore imports totaled around 86.1 million tons in April this year, down by 1.4% compared to the previous month and also dropping by 12.7% from the same month a year ago.

During the period, the import value totaled roughly US$11.6 billion, a month-on-month increase of nearly 7% and a year-on-year drop of 28.6%.

In the first four months of this year, China imported a total of 350 million tons of iron ore, sliding by 7.1% year on year. The import value was roughly US$41.9 billion, falling by 33.2% from the corresponding period a year earlier.