<span class="wntoptext03"><span>According to data, China’s iron ore imports in Q1, 2011 was 177 million tons which hit the record high.</span></span><span class="apple-converted-space"><span> </span></span><span><br> <span class="wntoptext03">In addition, the total amount of imports was US$27.7 billion with the average price of US$156.6/ton, which was the record high as well.</span><br> <span class="wntoptext03">However, the market analyst predicted that iron ore import will slow down as the Chinese iron ore domestic production in Northeast China is increasing starting from April.</span><br> <span class="wntoptext03">It’s known that China’s monthly iron ore import was 68.97 million tons in January, and then slid to 48.64 million tons in February, while it rebounded to 59.48 million tons in March.</span><br> ( Source: <a href="http://www.yieh.com/"><span><u><font size="3" face="Times New Roman">www.yieh.com</font></u></span></a> ) </span>