China’s iron ore imports fell by 25 per cent in January as the country suffered its harshest winter for some years. Steel exports also fell.
China’s General Administration of Customs said iron ore imports were at 46.62 million tonnes – down from 62.16 million tonnes in December, though the December figure was the second-highest ever recorded. Bad weather caused bottlenecks in some major ports as sea ice disrupted shipping.
Net exports of steel fell to 1.54 million tonnes.
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