China Knowledge quoted according to latest statistics released by the General Administration of Customs China, the world largest iron ore importer and steel maker saw its iron ore import rise 10.3%YoY to 64.09 million tons in December last year.

The iron ore import last month reflected a 0.2% decline from November.

In the whole of 2011, the country iron ore import amounted to 690 million tonnes up by 10.9%YoY.

The average import price of iron ore surged 27.1%YoY to USD 163.8 per tonne last year.

The country exports 48.88 million tonnes of steel products in 2011 up by 14.9%YoYand saw its imports of steel products fall 5.2% to 15.58 million tonnes in the corresponding year.

(Sourced from China Knowledge)