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China imported 952.72 million mt of iron ore last year, up 2.2% from 932.34 million mt imported in 2014, customs data showed. Iranian iron ore exports to China were around 13 million mt in last year, down 7 million mt or 35% than 20 million mt in 2014.
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Steel mills without captive resources to suffer margin
Some of Asia s largest steel mills that do not have captive iron ore and metallurgical coal sources could suffer from weaker margins this year, unless they can pass on high raw material costs to end customers, Standard & Poor s said in a report Thursday.
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