In the January-September period this year, China’s iron ore production amounted to 742.766 million mt, increasing by 6.1 percent year on year, according to China’s National Bureau of Statistics (NBS).
In September alone, China’s iron ore production totaled 84.368 million mt, decreasing by 0.9 percent year on year, while decreasing by 2.3 percent month on month.
In September, import iron ore prices moved up first while indicating a downtrend later as stock replenishments were not as good as market players had expected. In October, import iron ore prices have fluctuated within a limited range, signaling prevailing cautious sentiments among market participants.
