NBS: China's Jan-Oct ROM iron ore output down 3% YoY

China's run-of-mine (ROM) iron ore production during January-October totalled 851.7 million tonnes, falling by 3.2% from the same period last year, according to the latest data from the National Bureau of Statistics (NBS). Nonetheless, the decline has narrowed slightly from the 3.8% on-year drop recorded during the first nine months of this year, the numbers show.

For October alone, the ROM iron ore output was largely stable on month at 84 million tonnes, dipping by a small 0.3% from September, the NBS data showed. Nonetheless, the output marked a larger decrease of 2.9% compared with October 2024. The weaker production of ROM iron ore last month