| Date: |
24-01-2011 |
| Subject: |
Chinese Iron Ore Imports from Brazil and India Fall Sharply in 2010 |
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Imports of iron ore from Brazil and India fell sharply during 2010 while Australian shipments inched up slightly over the year.
Shipments from India fell 9.98% to 96.59 million tonnes in 2010, and Brazilian deliveries declined by 9.09% to 130.86 million tonnes compared to a year earlier.
Imports from Australia reached 265.33 million tonnes up by 1.36%YoY.
China stung by its dependence on the three dominant global supplier countries, vowed early last year to diversify its sources of iron ore. Australia, Brazil and India provided 79.7% of China total iron ore imports over 2010 down from 81.5% in 2009 and much of the gap was met by increasing shipments from countries such as Iran, Ukraine and Venezuela.
Source : steelguru.com
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