China's iron ore imports from India down 44% in Oct
Nov. 24, 2010 - China, the world's biggest buyer of iron ore, imported 2.91 million tons of iron ore from India in October this year, decreasing 44% year on year or 39% month on month, and the share of India's total iron ore exports in the Chinese market decreased to 6.4%, sources reported. The decrease is mainly due to the recent export restriction by Karnataka state of India, which contributes one fourth of India's iron ore exports to China. Meanwhile, China's tightened iron ore import policy also affected the import volume in October. China's iron ore imports edged down 13% month on month to 45.71 million tons last month, with some Chinese buyers have started purchasing iron ore from Brazil, whose iron ore exports to China rose 3.3% year on year to 11.78 million tons