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China’s iron ore imports increased by 7.3% in January-February 2023

 China, the world’s largest iron ore consumer, imported iron ore in January-February of 2023, as buyers expected domestic steel demand to rise after the government lifted strict coronavirus containment measures.

China imported 194 million tonnes of steelmaking components in January and February, an annual increase of 7.3 per cent, the highest ever for the two months combined, according to calculations based on Reuter’s records of customs data.

Rather than signalling any material improvement in demand, the increased imports reflect the need for miners to ship goods to China whatever the weather, said Attila Widnell, managing director of Navigate Commodities in Singapore.

He added, “This is supported by the increase in iron ore stocks in the ports in the past two months”.

“The increase is in line with expectations”, said Bai Hao, senior analyst at FIS brokerage firm in Shanghai.


“Some miners shipped more volumes from mid-to-late December to keep up with annual targets, which appears to be well reflected in the January-February import figures”, Bai added.

He continued, “The volume of imports in March may be lower than the average for January and February, but an increase is also expected yearly.”

Customs data showed that “China’s exports of steel products grew by 49 per cent, to reach 12.19 million tonnes in the first two months of the year, compared to the same period of the previous year”.


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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.


92 Members

28 Board of Directors

17 Country

300.000 Employees

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