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FACTS: China’s steelmaking raw material imports fall in January

February 22, 2012 - 08:53 GMT Location: Shanghai

KEYWORDS: China , steel , iron ore , ferrous scrap , import

China’s imports of iron ore and ferrous scrap dropped in January due to a sluggish steel market and the week-long Chinese New Year at the end of the month.

Total imports for the month stood at 59.32 million tonnes, down 7.5% from December and down 13.9% year-on-year. Iron ore deliveries from Australia slipped 8.4% from December to 26.83 million tonnes, while deliveries from India were down 5.5% to 4.49 million tonnes. Of the top three suppliers, only Brazil...

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