China 2010 iron ore imports drop for first time this century

China's 2010 iron ore imports dropped 1.4% year on year. The December import volume was 58.08m tons, down 6.6% year on year but sequentially increased 1.2% to a nine-month high, according to the data from the General Administration of Customs. It is the first time China iron ore imports declined for 12 years.
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Source: Seatrade Aisa