Prices of imported iron ore at 33 major Chinese ports have sunk to their lowest levels this year, a report showed Dec 30, 2014.

Iron ore imports are expected to grow 6.4 percent year-on-year to around 1 billion metric tons in China during 2015, driven largely by lower commodity prices and growth in domestic demand, industry experts said on Wednesday.

After a 4% slide in the iron ore price on Nov 18th, another selloff on Nov 19th brought losses for the week to over 7% as negative sentiment swamps the market for the steelmaking raw material.

The iron-ore price depreciation on the world market will not impact existing preliminary anti-dumping duties measures imposed by the Ministry of International Trade and Industry (MITI) or the final investigations currently underway.

Import price of Iron ore in China On November 03（Tianjin Port）

Falls in the prices of iron ore and coal helped Chinese steelmakers to gain better profits for the first half even though the domestic industry still faces a serious overcapacity problem, experts said.

The spot price of iron ore fines 62% to China has increased slightly.

The spot price of iron ore fines 62% to China has dropped.