China's November iron ore imports increased by 4%

It rose 4.1% month-on-month in November as buyers stocked up before the end of the year in anticipation of measures taken to support Beijing's struggling real estate market.

The General Administration of Customs reported that the world's largest consumer of iron ore purchased 98.85 million tons last month, compared to 94.98 million tons in October.

However, shipments from abroad fell sharply from the November 2021 figure of 105 million tons, a two-year high.