Steel News

We strive to let you one step ahead of the market.

China's iron ore imports drop by 8.9% in May m-o-m

11 Jun 2021 16:59 reported by Raul Lee

A A A
According to data from China's General Customs Administration, in May, this largest buyer of iron ore in the world imported 89.79 million tons of this raw material for steel production, 8.9% less than the previous month.

Iron ore shipments fell for the second month in a row, while supplies from major Australian and Brazilian producers were generally lower at this time of year due to issues such as weather impacts.

In addition, the rebound in the world economy has also meant a higher demand for the material used for steelmaking in other markets, as this is another important factor of less import from China.

However, in the first five months of the year, China imported 471.77 million tons of iron ore, 6% more than in the same period of 2020, according to official data.

Back to Steel News

Related News

China’s iron ore price index falls on Jul 22

  • Raw material
  • 23 Jul 2021 16:13

INSG: Global nickel market supply gap widens in May

  • Raw material
  • 23 Jul 2021 16:10

WBMS: Global nickel market has shortage of 42,700 tons in Jan-May

  • Raw material
  • 23 Jul 2021 16:10

Statistics of Indonesia's nickel industry exports in Jun

  • Raw material
  • 23 Jul 2021 16:10

China’s iron ore price index reduces on Jul 21

  • Raw material
  • 22 Jul 2021 16:00

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,920.50
  • 2,940.00
  • Aluminum
  • 2,449.00
  • 2,462.50
  • Copper
  • 9,382.50
  • 9,409.00
  • Nickel
  • 18,870.00
  • 18,867.00

Learn more

Coil Exchange Center

  • 2B Coil-Aug
  • 3,590
  • 3,450
  • NO1 Coil-Aug
  • 3,560
  • 3,420
  • 2B Coil-Aug
  • 3,590
  • 3,450
  • NO1 Coil-Aug
  • 3,560
  • 3,420

Learn more