January 14, 2019 / 2:32 AM / 4 months ago

China's 2018 iron ore imports fall 1 pct, first annual drop since 2010 -customs

BEIJING, Jan 14 (Reuters) - China’s 2018 iron ore imports fell by 1 percent from a year earlier, the first annual decline since 2010, according to data from the General Administration of Customs on Monday.

Full-year iron ore imports fell to 1.064 billion tonnes in 2018 from a record of 1.075 billion in 2017, customs data showed. Despite the drop, imports exceeded 1 billion tonnes for a third year.

Arrivals for iron ore shipments fell to 86 million tonnes in December, down from 86.25 million tonnes in November, according to Reuters calculation based on the data. That is up from 84.14 million tonnes imported in December 2017.

Reporting by Muyu Xu and Dominique Patton; Editing by Christian Schmollinger

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