Iron ore price reverses to losses as weakening China steel consumption

Apparent consumption of five major steel products slipped by 2.1% week-on ... The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 0.06% lower at ...

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Iron Ore Gains on Strong China Steel Consumption, Short Covering

The demand for steel in China has a significant impact on iron ore prices due to the high iron ore content in steel production. According to the Visual Capitalist, China's crude steel demand reached 911 million metric tons in 2023, up an estimated 50% from 609 million metric tons in 2010. This growth in demand has contributed to the increase in ...

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Rio Still Driven by Iron Ore Despite Higher Near-Term Aluminum …

China's falling population along with rising scrap-based production contributes to reduced demand for iron ore, in our view. We also think additional supply is likely, led by …

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China Steel: Import: Iron Ore | Economic Indicators | CEIC

The data reached an all-time high of 1,170,370.100 Ton th in 2020 and a record low of 41,153.900 Ton th in 1995. China Steel: Import: Iron Ore data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database's Metal and Steel Sector – Table CN.WAG: Steel Import: Quantity.

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China Drives Record Global Seaborne Iron Ore Imports in 2024

In 2024, the world's imports of seaborne iron ore reached an unprecedented high, largely driven by China's robust purchasing activities. According to data, global seaborne imports of iron ore increased by 3.6% to 1.707 billion metric tons, a rise primarily attributed to China's 4.9% surge in imports, which amounted to 1.274 billion tons.

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China Iron Ore Imports Statistics

In 2022, China's iron ore imports reached approximately 1.1 billion metric tons, a slight decrease compared to the previous years due to increased domestic production and efforts to reduce reliance on imports. ... Discover how strong steel consumption data from China is driving significant gains in iron ore futures on global exchanges. Iron Ore ...

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Steel Industry Raw Material Trends: Iron Ore, Coal & Scrap Prices

World Steel Industry Trends. Global trends in steel and raw material prices. Steel and raw material prices. Since about 2005 the key issue in the steel industry has become the availability and price of raw materials - iron ore, coking coal and scrap.. Demand from China drove the markets for iron ore and coal into tightness and the highly concentrated structure of the …

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China: iron ore mining by month 2024

In December 2024, approximately 84.86 million metric tons of crude iron ore was extracted in China. As the world's largest iron ore importing country since 2014, China's iron ore imports...

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China Iron Ore Mining to 2025

GlobalData's "China Iron Ore Mining to 2025 - Updated with Impact of COVID-19" comprehensively covers China's iron ore reserves, historic and forecast trends in the country's iron ore production, consumption and imports. There is a list of key active, exploration and development ore mines and projects. The report also analyses factors affecting the country's …

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China Iron Ore Mining to 2025

GlobalData's "China Iron Ore Mining to 2025 - Updated with Impact of COVID-19" comprehensively covers China's iron ore reserves, historic and forecast trends in the country's …

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Iron ore gains on strong China steel consumption, short covering

Iron ore futures gained on Thursday as strong steel consumption data from top consumer China boosted sentiment, shifting investor focus to prospects of growing ore demand and spurring a wave of ...

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Iron ore in China

China accounts for 15% of global production, with the largest producers being Australia, Brazil, China and India. Exports of iron ore from China increased by 2% in 2023 over 2022, with the highest share being exported to Japan. China's iron ore exports are expected to drop at a CAGR of 0.18% between 2023 and 2027.

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China iron ore futures hit four-month high on strong steel …

The most-traded May iron ore contract on China's Dalian Commodity Exchange ended daytime trading +2.2% at 837 yuan/metric ton ($115.15), after touching the highest …

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Forecasting iron ore import and consumption of China using grey …

China's iron ore consumption rose 784% between 2000 and 2010 and has ranked first in the world since 2003 ... We use data from the China Statistical Yearbook (1996–2011) as our database to test the efficiency and accuracy of the proposed method. According to the experimental results, the proposed new method clearly can improve the accuracy of ...

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China's 2025 iron ore imports set to hit new high even as steel …

BEIJING, Jan 2 (Reuters) - China's iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world's top consumer despite a protracted property crisis continuing ...

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China's falling iron ore demand is only half the story

One Chinese steel insider reportedly sees steel demand dropping to 750-800 million tonnes per annum (Mtpa) in the next five to 10 years. And as China shifts towards more steel recycling, iron ore demand is likely to drop …

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China iron ore futures jump to 8-month high on improving consumption

Portside iron ore inventories in China were at 155.6 million tonnes in the week ended April 1, down by 4 million tonnes from a week earlier and 3.3% from the peak in mid-February, according to ...

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Iron ore weakness to continue into 2025 and beyond, says Fitch

Data shows a strong build-up of iron ore inventories at Chinese ports, rising by 31% year to date to 149.9 million tonnes (mt) as of Nov. 8, which has the potential to place a cap on prices in the coming months. ... BMI expects China's annual iron ore consumption to peak before the end of the decade, while iron ore demand across Asia more ...

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Iron ore price rebounds as China stimulus hopes …

A raft of industrial data that remained ... The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 0.5% higher at 802.5 yuan ($110.23) a metric ...

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China's twin strategic development of iron-ore imports along the

To forecast iron-ore imports and consumption in China. Grey model optimized by particle swarm optimization algorithm: Beresford et al. (2011) ... As there is no available data of iron-ore dedicated vessel size for the China-Australia and China-Brazil routes, the data from the UNCTAD (2021) ...

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China's falling iron ore demand is only half the story

And as China shifts towards more steel recycling, iron ore demand is likely to drop faster than steel demand. However, not all iron ore is equal. The decline in Chinese steel production will impact demand for lower-grade iron ore used in the coal-consuming blast furnaces that currently produce 90% of China's steel.

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Iron ore in China

According to GlobalData, China is the world's third-largest producer of iron ore in 2023, with output up by 2% on 2022. Over the five years to 2022, production from China …

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China's 2025 iron ore imports set to hit new high even …

China, which buys more than two-thirds of global seaborne cargoes, imported 1.124 billion tons of iron ore in the first 11 months of 2024, up 4.3% year-on-year, even as its crude steel output...

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Iron ore gains on strong China steel consumption, short covering

Iron ore futures gained on Thursday as strong steel consumption data from top consumer China boosted sentiment, shifting investor focus to prospects of growing ore demand and spurring a wave of short... -February 20, 2025 at 03:34 am EST - MarketScreener

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Iron ore price falls over 15% in 2024 on faltering China demand, …

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 1.17% higher at 779 yuan ($106.73) a metric ton. ... losses caused by protracted property ...

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China's 2023 iron ore imports hit a record high on rising demand

In December, China imported 100.86 million tons of iron ore, down 1.83% from 102.74 million tons in November, as more mills started maintenance in blast furnaces as steel profit margins contracted.

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China May iron ore imports down 8.9% m/m amid rising overseas …

BEIJING, June 7 (Reuters) - China's iron ore imports in May fell 8.9% from a month earlier, official customs data showed on Monday, as shipments from major miners were at lower seasonal levels ...

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Iron ore heads for weekly gain on brightening demand outlook, China

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 1.51% higher at 838.5 yuan ($115.75) a metric ton after touching the highest since October 8 ...

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China: iron ore production 2023

Directly accessible data for 170 industries from 150+ countries and over 1 Mio. facts. ... Premium Statistic Consumption volume of copper cathodes in India FY ... Production of iron ore in China ...

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China 2024 iron ore imports hit record on resilient demand, steel

China's iron ore imports in 2024 rose to a record high for a second year, customs data showed on Monday, as lower prices spurred buying while demand remained resilient due …

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