China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90%


Source: indiatimes.com indiatimes.com

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BEIJING/NEW DELHI: Australia and Brazil, the world's two largest iron ore producers, remained China's top suppliers in 2020, but imports from India soared 88% as Chinese mills diversified sources amid sky-high raw materials prices. Australian shipments rose 7% to 713 million tonnes, while Brazilian supplies were up 3.5% at 235.7 million tonnes, data from China's General Administration of Customs showed on Wednesday. "The two countries' rise could not fully meet China's demand," said Tang Chuanlin, analyst with CITIC Securities, "Mills had to buy from other countries." The world's top steel producer imported 44.8 million tonnes of iron ore from India...