13
Jan

Global seaborne iron ore had a good 2024, but it’s all China

The world’s imports of seaborne iron ore rose a modest 3.6% to a record high in 2024, but the increase was almost entirely driven by China, the world’s biggest buyer of the key steel raw material. Global seaborne imports of iron ore were 1.707 billion metric tons in 2024, up 60 million tons from the …