The China Iron and Steel Association announced recently that in July this year China’s Ministry of Commerce issued iron ore import licenses for a total of 102.2441 million tonne, down 2.60% MoM valued at USD 9.029 billion. In the first 7 months of the year, iron ore import licenses were issued for a total of 729.8798 million tonne, valued at USD 79.828 billion.
In July this year, the iron ore import licenses issued by China for Australian and Brazilian iron ore amounted to 60.9880 million tonne and 22.5656 million tonne respectively, down 4.02% and up 33.14% MoM. In the January to July period, the iron ore import licenses issued by China for Australian and Brazilian iron ore totaled 276.2010 million tonne and 135.4226 million tonnes respectively.
Licenses issued for imports of South African iron ore in the given month amounted to 3.4017 million metric tonne, down 42.51%, valued at USD 322 million, while licenses issued for iron ore from other countries amounted to 4.5960 million metric, valued at USD 374 million. In the January to July period, the import licenses issued by China for iron ore from South Africa and other countries amounted to 34.2803 million tonne and 61.2633 million tonne respectively.
Source – steelorbis