China's July iron ore imports hit record high on robust demand; up 24%

Topics China economy | Iron Ore | China

BEIJING (Reuters) - China's iron ore imports in July surged to a record, up 24% from a year earlier, customs data showed on Friday, driven by shipments from miners and resilient demand as the economy bounced back after disruptions from the coronavirus pandemic. Arrivals of the key steelmaking ingredient were 112.65 million tonnes last month, according to data from the General Administration of Customs. That is up 10.

8% from 101.68 million tonnes in June and above the 91.2 million imported in July 2019. Over the first seven months.

This article is no longer available in our repository.

There could be multiple reasons for this.