· For China, the Australian trade dispute is coming on the heels of a trade war with the US, disruption in Brazilian iron ore production, and general global economic turmoil, which all combine to make investment into the exploration and production of African deposits increasingly worth the risks.
Iron ore with % iron content for delivery in Tianjin extended its downward momentum to 92 per metric tonne, the lowest since March 2020 on weak industrial demand from China due to constraints on steel output. After enforced constraints on steel production in 2021, China ordered steel mills to lower output during the winter season and ahead of the Winter Olympics in Beijing.
· China depends heavily on iron ore imports, with around 80 percent of the supply currently coming from abroad. In light of this, a group of scientists has set the goal to increase selfsufficiency in iron ore. The main reason behind China's dependency on imported iron ore is that the country's iron ore is relatively lowgrade and expensive to ...
· Data show that China's iron ore imports fell to million tons in June this year, 373000 tons less than in May ( million tons). It can be predicted that Australia, which is also the main source of China's iron ore, may also be unable to escape the "reduction in iron ore exports".
· Industry Industrial Data Maintenance. Nov 04 2021 China retail steel stocks fall % to 9mth low. Nov 04 2021 Losses start for China mills after steel prices slump. Nov 04 2021 DAILY: China rebar price dips another 8/t, sales up. Nov 04 2021 Indian iron ore export shipments up 20% in Oct'21.
· AngloAustralian miner BHP has signalled that the heydays of extraordinary iron ore prices could be near their end amid China's slowing steel production and its latest coronavirus outbreak.
· Australia has been urged to take China to the global trade umpire over coal export bans to reduce the chance of iron ore being used as a pawn in a bitter diplomatic dispute. The Australian Strategic Policy Institute released a report on Wednesday exploring the future of iron ore exports to China. "In the event that an iron ore glut emerges ...
· UPDATE 2China Sept iron ore imports fall % m/m on sluggish demand at mills. By Min Zhang, Shivani Singh. 3 Min Read. * Sept iron ore imports at mln T .
Iron Ore Minin in China industry outlook () poll Average industry growth : lock Purchase this report or a membership to unlock the average company profit margin for this industry.
China's iron ore production will rise once again in the next 34 years as the country works to increase its self sufficiency and reduce Australian imports, having declined significantly over ...
· China currently buys 1 billion to billion tons of iron ore yearly from third parties, O'Connor said. "For every 1 the Chinese can lower the longterm iron ore price . that's 1 per ton times a billion. It is a billion dollars of saving per year. It's .
· How China's Surge of Iron Ore Imports Seems to be Impacting Global Steel Production. VANCOUVER, BC, April 1, 2021 /PRNewswire/ USA News Group Back in the first quarter of 2020, China imposed ...
Pig iron production. This is a list of countries by pig iron production.. Pig Iron production (million metric tons): Rank Country 1980 2013 2015 World 506
· Iron ore tumbled on expectations demand will wane as China deepens steel production cuts in its drive to clean up the industry. The material is under mounting pressure futures in Singapore have plunged 18% in two weeks as Beijing steps up measures to reduce pollution from one of its dirtiest industries. Shagang Group, the world's fourth largest steel mill, said this week that it's ...
Iron ore, the steelmaking ingredient that is the main source of profits for some of the world's biggest miners, has hit a record high as Chinese steel mills crank up production to make the most ...
· China wants to lower its steel production this year, but that could prove difficult. In the first half of 2021, Chinese steel mills have churned out nearly 12% more crude steel compared to the ...
· Iron ore tumbles as China's curbs on steel output roil market. (Bloomberg) Iron ore futures extended losses below US100 a ton on shrinking steel output in .
· Iron ore plunges as China slashes steel production. BHP ( BHP % ), Rio Tinto ( RIO %) and Vale ( VALE %) all trade sharply lower as iron ore futures extend losses below 100/ton on ...
· Bearish iron ore demand The strict "Two High" regulations show that China is determined to keep crude steel output in line with 2020's, sources said. China produced about million tonnes of crude steel in January to August this year, up by % compared with 2020, according to data from National Bureau of Statistics (NBS).
· But iron prices have now fallen from a July peak of 300 a tonne to just 228 on Thursday night as China pulls back its steel production. ... than the value of Australia's iron ore trade to China.