China is on course to import a record amount of iron ore as its mills turn to the seaborne market to secure supplies of the steel-making ingredient.
Deliveries to China hit 94.7m tonnes in June, up from 91.5m tonnes in May, according to customs data released on Thursday.
The figures also showed imports for the first six months of the year had risen more than 9 per cent to 539m tonnes. If that level of buying is sustained in the second half of the year then China’s imports of iron ore will exceed last year’s record of 1.024bn tonnes.
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