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China's iron ore imports up 10 percent in Jan-Feb amid surprisingly firm demand-Foundry Exhibition-The 26th China(Guangzhou) International Casting Products,foundry Industry Exhibition
3/12/2026 鑄件展-鑄造展會-casting expo-foundry exhibition |
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In the January-February period this year, China''s iron ore imports amounted to 210.023 million mt, up 10.0percent year on year, according to the latest data released by China''s General Administration of Customs(GACC). Though firm demand was named as the main reason for the rather strong iron ore import volumes, theincrease in shipments from Australia in late December also added to the situation. Though the monthly volumesin both January and February are less than the record high of 119 million imported by China in December,market sources still view these import volumes as being very strong.
Some Chinese companies were eager to buy, expecting a rebound in steel demand after the Chinese New Yearholiday, but real steel consumption, in line with expectations, was reduced in the January-February period. Totaliron ore inventories for these two months rose from 160 million mt in early January to around 171 million mt in early March.
Import iron ore prices are expected to edge up in March after some losses in February, but gains may be verylimited as improved demand will be accompanied by stable supply at high levels
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