Iron ore shipments to China to slow down

China is the most important destination for iron ore shipments and although there was a slight downturn in the April, on a year-on-year basis, total shipments to China were up 5.6% while iron ore shipments to the rest of the world rose 8.2%. In April, iron ore shipments to Japan totalled 2.3m tonnes, closely followed by South Korea with 2.2m tonnes.