Chinese iron ore imports totalled 92.99 million tonnes in September, according to the nation’s Customs Bureau, the second highest monthly total on record.
The figure was up 6% on August, and 8% higher than the levels of a year earlier.
Not only that, it left cumulative iron ore imports over the past 12 months at a mammoth 1.017 billion tonnes.
Yes, that’s billion with a “B”, nearly 9% more than the levels imported in the year to September 2015.
A combination of increased infrastructure and residential property investment in China, along with high-cost mine closures in the nation, are just two factors that have contributed to the enormous growth.
There’s not much else to say but that it’s a lot of iron ore!