2021114 · By Min Zhang and Shivani Singh. BEIJING, Jan 14 (Reuters) - China's iron ore imports hit a record high in 2020, jumping 9.5% from a year earlier as the country beefed up spending on infrastructure ...
view moreChina’s imports of iron ore by shipment weight slowed by -11.2% compared to 2020. Average Prices for Iron Ore by Major Import Country. In 2021, the world’s overall average unit price paid for imported iron ore was US$163.40 per ton. That average price per ton is 138.4% higher than the average $68.5 in 2017. From 2020 to 2021, the inflation ...
view more2017121 · The analysis showed that (1) the highest actual consumption of iron in China was 625 Mt in 2013, and the actual consumption of iron was approximately 80% of the apparent consumption; (2) from 2010 ...
view more2024229 · Most Chinese steel mills have adequate raw material inventory levels. Demand for iron ore in China is likely to be supported in the short term by the resumption of construction sites after the Lunar New Year holidays and the associated increase in steel consumption. This was reported by S&P Global with reference to market sources.
view more2023331 · "China's desire, as the largest importer of seaborne iron ore, to have stronger influence in pricing is understandable," according to Will Chin, head of commodities at Singapore Exchange, which pioneered the world's first cleared iron ore swap in 2009. China consumes 70% of the world's seaborne iron ore – a market trading 1.5 billion mt/year.
view more2024116 · Rio Tinto forecasts China – home to the world’s largest steel industry – will hit a peak in consumption, and expects global iron ore demand will rise almost a quarter by 2050.
view more202238 · China's crude steel output has grown rapidly since 1990, accounting for more than half of worldwide production in 2019. Iron and steel industry (ISI) in China's energy consumption and carbon emissions accounted for a higher proportion. In the context of China's "carbon peak, carbon neutrality", the ISI attaches great importance to energy …
view more202461 · In 2023, the Chinese iron ore market decreased by -6.9% to $127.2B, falling for the second consecutive year after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $161.8B. From 2022 to 2023, the growth of the market remained at a somewhat lower …
view more2022114 · Steel products exports up 24.6% y/y in 2021. BEIJING, Jan 14 (Reuters) - China's iron ore imports dropped in 2021, down 4.3% from the previous year's record annual high, as steel production curbs ...
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