China’s recovery ‘underestimated’ as iron ore imports continue at record levels

China continues to prove the market commentators wrong on the iron ore front, with the Asian heavyweight’s imports still hitting record levels.

In the past three months China’s iron ore imports have climbed 20 per cent year on year, while year-to-date they are up 11 per cent compared to the previous year.

August imports were the third highest on record.

 

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