Iron ore steadyimports: December iron oreimports increased 3% YoY to 87mnt and remained flat MoM. Overall iron oreimports in 2018 decreased 1% YoY despite 11M18 crude steel productionincreasing 7% YoY, due mainly to increased scrap steel usage in steel makingamid strong profitability during most of 2018
China December 18Trade Data
COMMODITY
UNITS
Dec
YoY %
MoM %
1 Imports
2 Raw Coal
mn tons
10
-55%
-47%
3 Iron Ore
mn tons
87
3%
0%
Source: China Customers General, J.P. Morgan
Iron ore price, page-9186
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