Chinese iron ore imports surged 22 percent in November from a year earlier, customs data showed, as big miners in Australia and Brazil won market share even as steel output cuts push the price of the raw material lower.
November shipments rose to 82.13 million tonnes, data from the General Administration of Customs showed, also up 8.8 percent from the previous month, although imports for the first 11 months were up just 1.3 percent from a year ago.
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