China has become the leading iron ore consuming nation, and, based on recent steel production capacity increases and plans for more, its consumption will almost certainly to continue to grow. China's iron ore industry, however, faces a number of problems. China's iron ore is low鈥恎rade, ...
China’s slowing economy has had a disproportionate impact on the price of iron ore owing to its heavy consumption of the metal. In the near term, the price of iron ore will likely remain an important indicator of the health of China’s construction and export-driven economy. Moreover, it...
Iron ore demand from China has increased in early December, because consumers need to restock for winter. Iron ore consumption is still high on the back of substantial crude steel output. Although Beijing is carrying out the capacity optimisation programme, it will gain momentum slowly, having no...
iron ore will exist until the completion of the industrialization.To solve the problem two measures have to be adopted.One is to strengthen the exploitation of domestic resources in moderation,and the other is to keep the rational importation of iron ore,the consumption and importation are of ...
In the monthly Iron Ore Commodity Briefing Service (CBS) report, S&P Global Commodity Insights discusses the iron ore market within the broader macroeconomic environment and provides supply, demand an
China’s property sector accounts for almost 40% of its steel consumption. That sector has been in a steep decline for more than a year amid continued tightening of housing measures across China since March when cities began to introduce a sales ban. ...
Steel and iron ore futures in China dropped around 3 percent on Tuesday, pressured by slow seasonal demand in the world's top consumer of the two commodities. Profit margins among Chinese steelmakers have fallen in recent weeks following a sharp rise through March and April, when a seasonal ...
on the premise of controlling the consumption of iron ore,our country must take measures to restrict the increasing rate of the import quantum.First,the throughput of iron ore should be improved.Second,the circulation of iron should be cared about more to curb the growing proportion of the ...
"Our accumulative iron ore export to China broke the 3 billion tons mark last year, which is of special significance for Vale, as the year of 2023 marked the 50th anniversary of our first iron ore shipment to China," he said. Over the past half a century, the firm has witnessed the ...
Chinese economy bounce in consumption Brian Coulton: So on the China's story, what we saw with the pandemic restrictions that were sort of tightened again in 2022, that really weighed heavily on consumption. It was something that was constraining what we call contact-intensive consumption. So th...