GACC: China's iron ore imports rise 10% YoY in Jan-Feb

China imported approximately 210 million tonnes of iron ore during the first two months this year, logging a notable increase of 10% on year, according to the latest statistics released by the country's General Administration of Customs (GACC) on March 10.

The significant increase was mainly attributed to the low comparative base during the same period last year. Back then, frequent cyclones in Western Australia had severely disrupted iron ore shipments from the world's top iron ore exporter, Mysteel Global notes. The GACC typically bundles its foreign trade data for January-February