Bloomberg reported that China’s iron ore imports in June 2009 up by 3.4% to the second highest level in 2009 as rising prices prompted steelmakers to expand output and buy more raw materials.
China’s general customs said that China’s imports were 55.3 million tonnes in June. According to Bloomberg data, that’s 3.4% more than the 53.5 million tonnes in May and 46% higher than a year ago. The shipments hit a record 57 million tonnes in April.