Chinese Iron Ore Production was An Estimated 260Mt In 2014

Date: 2015-09-01

“• The country consumed an estimated 1,151.8Mt of iron ore in 2014, up by just 0.9% over 2013 due to lower demand for steel from the housing and construction sectors and also due to tough environmental regulations initiated by the Chinese government, which aims to reduce pollution from steel mills. 

• In 2014, Chinese iron ore production was an estimated 260Mt (converted to correspond with world average Fe content), down by 19% over 2013 owing to the slowdown in economic growth that resulted in capping demand for steel and in turn for iron ore. 

• China imported 889Mt of iron ores and concentrates in 2014. Ores and concentrates originating from Australia and Brazil are of higher grade and available at a comparatively lower prices than the domestic ore and hence is preferred by Chinese end-uses.

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