GACC: China's iron ore imports rise 5% YoY in Jan-Oct

China imported a total of 1.02 billion tonnes of iron ore during January-October, logging an on-year increase of 4.9%, according to the latest statistics released by the country's General Administration of Customs (GACC) on November 7.

Last month alone, China's iron ore imports came in at 103.8 million tonnes, growing by 4.5% from the previous year while being only 0.3% lower than in September, the GACC data show. The strong performance of iron ore imports over the past month mainly reflected recovered demand for the raw material among