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China's iron ore imports down 8.24% M-O-M in Apr

May. 11, 2012 (China Knowledge) - China, the world's largest steel maker, imported 57.69 million metric tons of iron ore and concentrate in April this year, reflecting a decline of 8.24% from March, according to statistics released by the General Administration of Customs.

The iron ore imports last month represented an increase of 9.10% year on year. The import value fell 5.60% year on year to US$8.01 billion in April, due to a decrease in iron ore prices.

In the first four months of this year, the country's iron ore imports rose 6.63% year on year to 245.31 million metric tons, while the import value fell 6.90% to US$33.73 billion.

The average import price of iron ore has been in upward trend for two consecutive months, hitting US$138.8 per metric ton in April, mainly driven by high production of crude steel. Last month, the country's daily crude steel output grew 2% month on month to a record 2.03 million metric tons.

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