China's National Bureau of Statistics (NBS) reports that the country produced 889.046 million mt of iron ore between January and November of this year, a 0.5 percent decrease from the same time last year.
China produced 79.536 million mt of iron ore in November alone, up 9.4 percent month over month and 0.6 percent yearly.
As a result of the market participants' general improved moods as a result of the relaxation of Covid-19 measures, import iron ore prices rose in an overall upward direction. Due to the rising trend in the price of iron ore futures, import iron ore prices have risen somewhat more in December. Market participants said steelmakers needed to increase stock levels ahead of the upcoming Chinese New Year break, which would raise iron ore prices.
The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only.