In the January-February period this year, China’s iron ore production amounted to 150.353 million mt, increasing by 3.7 percent year on year, according to China’s National Bureau of Statistics (NBS).
Import iron ore prices had seen an overall uptrend from the beginning of the current year amid the anticipated improvement in demand due to the easing of Covid-19 measures. However, following big rises, import iron ore prices have declined significantly since mid-March as China issued a risk warning in relation to iron ore prices, which exerted a negative impact on market sentiment.
