South Korean Iron Ore Imports Grow in November

Iron Ore

South Korean iron ore imports rose to a year to date high of 7.6 Mt in November (+2.4 Mt year-on-year), data from the Korea Customs Service show. Receipts from Australia gained 1.4 Mt to 5.1 Mt, while those from Brazil increased 0.4 Mt to 1.5 Mt. Nevertheless, total imports still fell 2.7 Mt to 64.3 Mt in January-November.