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China’s Jan-Sept iron ore output up 13.4%

Steel News

China’s Jan-Sept iron ore output up 13.4%

 

Over January-September, China’s run-of-mine iron ore output still managed to grow 13.4% on year to 743.4 million tonnes, though the growth eased from the 14.2% on year for the first eight months mainly because of the ongoing power rationing the stringent safety scrutiny, according to the data released by the Metallurgical Mines’ Association of China (MMAC).

In September alone, the country’s output grew 9.6% on year or up 0.9% on month to 84.7 million tonnes.

Higher margins and production saw fixed asset investment in the sector picked up in pace too, with the funding up 25.9% on year over January-September, 4.5 percentage points higher than that over the first eight months.

 

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