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China mined 66.89 million tonnes of run-of-mine (ROM) iron ore in March, representing a mild decrease of 0.4% on year. Last month's result took total ROM iron ore output over January-March to 189.46 million tonnes, up 1.9% year on year, according to the latest data just released by China's National Bureau of Statistics (NBS).
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China produced 103 million tonnes of coke and 805 million tonnes of coal in the January-March quarter, according to the latest production report from the National Bureau of Statistics (NBS) on April 17. The Q1 coke output total was 3.2% lower on year though the raw coal total was 3.9% up on year, the data shows.
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China's pig iron output in March edged down 1.1% on year to reach 60.46 million tonnes while crude steel output during the same month picked up 4.5% on year to register 73.98 million tonnes, according to the latest output statistics released by China's National Bureau of Statistics (NBS) on April 17.
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China's March iron ore imports climbed by 1.5 million tonnes or 1.8% month on month to 85.8 million tonnes, according to the latest statistics released by the country's General Administration of Customs on April 13.
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The global market for seaborne iron ore will be "well-supplied" this year as iron ore exports are expected to grow by nearly 5% in 2018 - higher than the projected demand increase from major iron ore importers, according to a forecast by the Australian Government's Department of Industry, Innovation and Science.
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Prices of metallurgical coke in North China's Hebei province saw another round of declines over the week of April 2-8, losing Yuan 25-60/tonne ($4-9.5/t) mainly due to local steelmakers becoming cautious about buying coke when domestic steel prices continue to soften, market sources said on Sunday.
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Brazil's iron ore exports dropped 17.7% on year to nearly 30 million tonnes in March, which could do with miners' less-than-expected production or change of business strategy, and price slumps, market sources shared their understandings.
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POSCO, South Korea's largest steel company, marked its 50th anniversary on April 1 by setting out a new vision for the future that will prioritize new business areas such as energy and new materials over its traditional business, steel.
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China's coal mining capacity utilization rate surged by 8.7 percentage points on year to 68.2% in 2017 thanks to the successful elimination of excess capacity and the commissioning of new production facilities over the past year boasting higher efficiency, according to the annual report of China National Coal Association (CNCA) published on March 27.
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China's total imports of coking coal, manganese ore and concentrates, and chrome ore and concentrates posted a month-on-month decline in February, as Chinese importers staggered cargo arrivals to avoid the Chinese New Year (CNY) holiday break over February 15-21, Mysteel notes.
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For the week of March 19-23, Chinese prices of imported iron ore both for port inventories and seaborne cargoes continued to soften, as buying enthusiasm for raw materials including iron ore from Chinese steelmakers was dampened by the significant drop in domestic steel prices, according to market watchers.
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China's steel scrap exports plunged by 32% or by 60,289 tonnes on year to 128,539 tonnes in the first two months this year, according to the latest data released by China's General Administration of Customs on March 23.The export volume in February alone stood at 51,518 tonnes, off by 25,503 tonnes or 33% on month, the data showed.
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Over January-February China's run-of-mine (ROM) iron ore output fell by 2.5% year on year to 123.46 million tonnes, according to the latest data just released by China's National Bureau of Statistics (NBS).
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China's fixed asset investment (excluding rural households) increased by 7.9% during January-February, compared with the first two months of last year to Yuan 4.5 trillion ($708 billion), according to new National Bureau of Statistics (NBS) data released on March 14.
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Over January-February, both China's pig iron output and coke production fell, by 1.7% and 2.7% year on year respectively amid the four-month winter curbing, according to the latest statistics released by China's National Bureau of Statistics (NBS) on March 14.
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China's iron ore imports in February dropped by 16.08 million tonnes or by 16% month on month to 84.27 million tonnes, according to the latest statistics released by the country's General Administration of Customs on March 8.
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The world's top four iron ore miners successfully lowered or kept their production cash costs below $15/wmt in 2017, so as to maintain their competitiveness in the market, Mysteel understands from their publicly-shared information.
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China imported 84.2 million tonnes of iron ore from Australia and Brazil in January, contributing 83.9% of the country's total, according to the latest statistics released by China's General Administration of Customs on February 25. The total from the two shippers was 0.3 percentage point higher on month.
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China's iron ore imports in January climbed by 16.2 million tonnes or by 19.3% month on month to 100.34 million tonnes, according to new statistics released by the country's General Administration of Customs on February 8. The January total was also 9.3% higher than a year ago, the data showed.
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China still relied heavily on the iron ore supplies from Australia and Brazil in 2017, with the two countries supplies taking up 83.6% of China's total imports, according to the latest detailed statistics released by China's General Administration of Customs.
