China’s Iron Ore Output Falls 12.6% – Indian Miners Eye Export Gains

Breaking News

Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

China’s Iron Ore Output Falls 12.6% – Indian Miners Eye Export Gains

China 21 Mar 2025 02:47 PM IST GMK Centre

China's iron ore production declined by 12.6% year-on-year (Y/Y) in January-February 2025, as per data from the National Bureau of Statistics. The output stood at 109.5 million tonnes, impacted by weaker demand, environmental restrictions, and lower operating rates at domestic mines.

Key Factors Behind the Decline

Environmental Curbs: Stricter regulations in key mining regions have forced several iron ore mines to limit production.
Weaker Steel Demand: A sluggish real estate and manufacturing sector in China has reduced the demand for iron ore.
Higher Import Dependency: With domestic production shrinking, China has increased reliance on imported iron ore, particularly from Australia and Brazil.

Impact on India

Iron Ore Exports to China: India, a major supplier of iron ore to China, may see stable or rising export demand.
Steel Price Volatility: Global supply chain disruptions could influence raw material costs, impacting Indian steelmakers.
Market Opportunities: The decline in China’s domestic output may open opportunities for Indian miners to expand their export footprint.

Also Read : China Hikes Tariffs on US Goods to 84% in Response to Trump's Moves Chinese Steel Floods Market, Undercuts Indian Prices by 12%

Breaking News