As an import agent for 38 clients, Sinosteel imported nearly 10 million tons of iron ore in the first five months of this year, up 300 percent year-on-year. The company, as one of China’s largest iron ore importers, holds shares in Australian iron ore resources totaling 11 million tons in addition to long-term contracts extensively reached with suppliers in Brazil, India and Australia. It dealt with nearly 30 million tons of iron ore in 2008.