Chinese steel production is breaking records, which automatically affects the price of iron ore. Economic data showed that the country's steelmakers produced 1 billion tonnes of steel in 2019. This is the second record year in a row.
China's import price of 62% iron ore rose to $ 97.58 /t, a 6-month high and 6% YTD.
China produces more crude steel than the rest of the world combined, reaching 996.3 million tonnes in 2019, up 8.3% from the previous year, according to government data. Steel companies produced an average of 2.7 million tonnes per day during December, which is 12% higher than in December 2018.
Steel production in China rose nearly 10% from a year earlier to 1.2 billion tonnes in 2019. The China Metals Association said last week that it expects domestic steel demand to rise slightly in 2020 to around 890 million tonnes.
Subscribe to news

Metallurgy news
- 01 July 2025
20:00 In the western part of Australia, an iron ore deposit was opened with a volume of 55 billion tons and the cost of stocks of 6 trillion 13:00 The volume of gold production in Russia in May decreased by 0.4% compared to April and 8% VS 2024 13:00 Blitz with Islam Abdurahmanov 12:00 Severstal supported the exhibition of contemporaries of the Great Bruegel in the Plane named after A.S. Pushkin 10:16 The EU gradually departs from US trade with Canada against the backdrop of Trump's power tactics 08:00 One of the largest metallurgical plants in Russia was transferred for a part of financial problems - 30 June 2025
18:00 In 2025, China, the world leader in the production of alumina, increased its export to Russia by 16% to the level of 2024. In May, Russia purchased a record 183 thousand 12:00 Evraz received the OFSI license to sell the North American business
Publications
30.06 The choice of summer rubber 01.07 Half -dimensional naivni pidlog: 01.07 Aerated concrete blocks from the company ceramic fest 29.06 Cast iron baths in the Sanok online store 29.06 Caddy battery - the heart of the van that does not tolerate compromises