The world s biggest steel producer China Baowu Steel Group flagged this month that it would slash output in the second half of the year while the country also battles Covid 19 outbreaks halting construction projects Weaker steel demand from Covid 19 in China can weigh on iron prices
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Get Price25 Nov Iron ore steel freight carloadings fall in Canada 25 Nov Long steel imports to US hit yearly low 25 Nov US construction costs rise despite falling steel prices 25 Nov US adds 2 rigs Canada loses 7 25 Nov Turkish pig iron imports grow steel output drops 25 Nov Iron ore declines despite China s RRR cut
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Get PriceDespite the tensions and despite China s desire to move away from its reliance on Australia the iron ore trade between the two countries is still booming In 2024 Australia remained the largest supplier of iron ore with 732Mt up from 691Mt in 2024 mainly due to higher quality and favourable transportation cost says GlobalData
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Get PriceGet in touch with us now Jun 21 2024 In 2024 Australia was China s largest supplier of iron ore by a significant margin accounting for around billion dollars worth of iron ore
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Get PriceThe contract was down % to 693 yuan at the close Spot prices of iron ore with 62% iron content for delivery to China fell $2 to $125 a tonne on Tuesday according to SteelHome
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