China: iron ore mining by month 2019-2020

The graph shows iron ore mining in China from January 2019 to February 2020. In first two months of 2020, about 111.19 million metric tons of crude iron ore had been extracted in China.

Mining industry in China

Iron ore mining in China has dramastically decreased since the beginning of 2018. As the biggest iron ore importing country since 2014, China imported over one billion illion metric tons of iron ore to meet its demand. Cutbacks in 2014 are likely the result of decreasing iron ore prices around the world, which fell from a high of 168 U.S. dollars per dry metric ton in 2011 to a low of an estimated 55 U.S. dollars in 2015. This estimate for 2015 is confirmed by data between March 2015 and March 2016 that shows that the monthly price of iron ore per dmtu (per dry metric ton unit) fluctuated between 39.6 and 62.29 U.S. dollars per dry dmtu. However, despite iron ore mining cutbacks in China and plummeting prices, the price of steel which is made from iron ore appears stable in the future and China remained the world’s largest crude steel producer. Among the top twenty steelmakers worldwide, ten are from China.

Iron ore mining in China from January 2019 to February 2020

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Source

Release date

April 2020

Region

China

Survey time period

January 2019 to February 2020

Supplementary notes

*According to the source, the values for January and February were rounded together to reduce the influence of Chinese New Year on the data. This festival falls each year between January 21 and February 21.

The values have been rounded to provide a better understanding of the statistic.

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