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China’s iron ore output up 11.5% in Jan-Oct

According to China’s National Bureau of Statistics (NBS), in the January-October period of the current year, China’s iron ore production amounted to 823.111 million mt, increasing by 11.5% year on year, 1.9% slower than the rise recorded in the first nine months this year.

In October alone, iron ore production reached 80.127 million mt, down 2.8% year on year, shifting from a year-on-year rise of 9.6% recorded in September.

In October, import iron ore prices moved up first while declining later, with the highest level of $136/mt CFR seen on October 11 and the lowest price level of $107/mt CFR seen on October 31.

Iron ore imports in China decreased by 4.2% year on year to 933.484 million mt in the January-October period of the year, while in October alone China imported 91.606 million mt of iron ore, down 14.2% year on year.

 

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

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AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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