GACC: China's iron ore imports rise 1% YoY during Jan-Oct

China imported a total of 1.02 billion tonnes of iron ore during January-October, 0.7% higher than the comparable months in 2024, according to the latest statistics released by the country's General Administration of Customs (GACC) on November 7. The on-year increase, albeit small, represents the first growth in the country's accumulative iron ore imports this year, Mysteel Global notes.

Last month alone, China's iron ore imports totalled 111.3 million tonnes, retreating 4.3% from September's 116.3-million-tonnes record. Nonetheless, the monthly volume still marked the second highest this year, logging a notable increase of 7.2% on year, the GACC data show. The sustained strong performance of iron ore imports over the