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China's iron ore imports down 3.2% M-0-M in Mar

Apr. 17, 2012 (China Knowledge) - China, the world's largest iron ore importer and steel maker, saw its iron ore imports reach 62.87 million metric tons in March this year, according to the latest statistics released by the General Administration of Customs.

The iron ore imports last month reflected a 3.2% decrease from the 64.98 million metric tons imported in the previous month. In January, China imported 59.48 million metric tons of iron ore.
In the first quarter of this year, the country's iron imports rose 6.02% year on year to 188 million metric tons.

The average import price of iron ore dropped 13.46% year on year to US$137.09 per metric ton in three-month period.

At present, iron ore stocks at China's main ports stand above 95 million metric tons.

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