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Chinese Iron Ore Imports by Source

Iron Ore

Of the 95.6 Mt of iron ore China imported in March, 59.0 Mt was sourced from Australia and 19.1 Mt from Brazil up by 4.1 Mt and 1.4 Mt year-on-year, respectively, customs data show. There was also evidence of a strong supply-side response to firmer iron ore prices, with shipments from smaller exporters on the rise. At 3.5 Mt China’s imports of Indian iron ore in March were more than four times the year-ago level, while shipments from Iran climbed to the highest level since May 2014 at 2.5 Mt. There was also strong growth in cargoes from West Africa and West Coast South America