Luo Tiejun: China to hike iron ore output by 100 million mt in 2021-25

Monday, 06 September 2021 13:50:53 (GMT+3)   |   Shanghai
       

Luo Tiejun, vice president of the China Iron and Steel Association (CISA), stated at a meeting held by Hebei Metallurgical Mining Association on September 4 that China is aiming to increase its iron ore output by 100 million mt during the 2021-25 period.

Currently, import iron ore prices for China have declined amid production restrictions implemented in the steel industry in China. However, it is very hard for Chinese miners to obtain approval for newly-built mines.

At the same time, Mr. Luo said China will intensify efforts to develop overseas iron ore resources, and will carry out studies for the establishment of a fairer and more transparent iron ore pricing system, to ensure high-quality development for the steel industry.


Most Recent Related Articles

NBS: China’s crude steel output down 21.2 percent in September

Iron ore inventory at Chinese ports up 4.4 percent

China’s iron ore imports down 11.9% in Sept due to steel output curbs

Iron ore inventory at Chinese ports down 0.78 percent

China’s iron ore output up 5.6% in August