A post by @FirstSquawk on X.

China imported 1.061 billion tonnes of iron ore in the first ten months of the year, up from 1.028 billion tonnes over the same period last year, according to data cited by First Squawk. The roughly 3.2% year-on-year increase shows the country's steel-making raw material demand holding up despite a soft property market. The gain matters because China buys the majority of seaborne iron ore, so its intake shapes prices for miners such as Rio Tinto and BHP. Watch whether the monthly pace accelerates through year-end, and whether stockpiles at Chinese ports build further.