GACC: China's iron ore imports hit record high in Sept

China's iron ore imports in September rose by a significant 10.5% on month to reach 116.3 million tonnes, creating a record high for a single month and also logging an on-year increase of 11.7%, according to new statistics released by the country's General Administration of Customs (GACC) on October 13.

The enthusiasm of global miners to ramp up shipments to pursue profits while iron ore prices were rising was one of the reasons behind China's record high imports last month, Mysteel Global notes. For example, on September 9 Mysteel SEADEX 62% Australian Fines index hit its highest level since March