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China's iron ore imports up 10.3% in Dec

Jan. 11, 2012 (China Knowledge) - China, the world's largest iron ore importer and steel maker, saw its iron ore import rise 10.3% year on year to 64.09 million metric tons in December last year, according to latest statistics released by the General Administration of Customs.

The iron ore import last month reflected a 0.2% decline from November.

In the whole of 2011, the country's iron ore import amounted to 690 million metric tons, up 10.9% year on year.

The average import price of iron ore surged 27.1% year on year to US$163.8 per metric ton last year

The country exports 48.88 million metric tons of steel products in 2011, 14.9% more than that in the previous two years, and saw its imports of steel products fall 5.2% to 15.58 million metric tons in the corresponding year.

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