In the first five months, imports of iron ore increased by more than 100 billion in total growth.

(Reporter Zhang Yan) Since China does not control the pricing of iron ore, yesterday's data from the Customs showed that although China's imported iron ore only increased 8.1% year-on-year in the previous May, the price increase was 59.6%. . Moreover, the year-on-year growth rate of iron ore imports from China decreased, but the growth rate of spending increased.

The reporter learned from the China Iron and Steel Association that the China Iron and Steel Association is studying the launch of China's own iron ore price index in an effort to gradually influence the global price index.

According to the foreign trade data released by the General Administration of Customs in May, China's imported iron ore reached 53.3 million tons in May, which was an increase from the same period of last year and the previous month, including an increase of 420,000 tons from the previous month and an increase of 2.7% from the previous year. In the first five months, total imports reached 283 million tons, an increase of 8.1% over the same period of last year.

It is worth noting that the total amount of imported iron ore in China reached 45.2 billion U.S. dollars in the first five months, an increase of 59.6% from the 28.32 billion U.S. dollars in the same period of last year, and the increase amounted to 16.88 billion U.S. dollars, to the interbank market on June 10.* ** The exchange rate is calculated at the median price of US$1 to ***6.4853 yuan, or approximately RM19.5 billion.