Market Report, "Iron Ore Mining in China to 2020", published

From: Fast Market Research, Inc.
Published: Tue Aug 25 2015

China ranked third globally with 23 billion tonnes (Bnt) of crude iron ore reserves in January 2015, equal to 12.3% of the global total. Spread across the provinces of Liaoning, Sichuan, Hebei, Inner Mongolia, Shanxi, Shandong, Anhui, Hubei and Gansu, some 80% of the reserves are mostly low grade. The reserves in north-east China are mainly magnetite and hematite, partly martite and semi-martite, with iron content ranging from 20% to 40% while those in central and southern parts of the country have iron content in the range of 40% to 50%.

Report Highlights

* The country consumed an estimated 1,151.8Mt of iron ore in 2014, up by just 0.9% over 2013 due to lower demand for steel from the housing and construction sectors and also due to tough environmental regulations initiated by the Chinese government, which aims to reduce pollution from steel mills.
* In 2014, Chinese iron ore production was an estimated 260Mt (converted to correspond with world average Fe content), down by 19% over 2013 owing to the slowdown in economic growth that resulted in capping demand for steel and in turn for iron ore.
* China imported 889Mt of iron ores and concentrates in 2014. Ores and concentrates originating from Australia and Brazil are of higher grade and available at a comparatively lower prices than the domestic ore and hence is preferred by Chinese end-uses.

Full Report Details at

Report Scope

The report contains an overview of the Chinese iron ore mining industry together with information on reserves, historical and forecast production to 2020 with supporting factors, historical and forecast iron ore consumption and ores and concentrates imports to 2020 and demand drivers. In addition, it provides information about iron ore prices, the competitive landscape, active, exploration and development projects and the fiscal regime governing the Chinese mining industry.

Reasons to Get this Report

To gain an understanding of the Chinese iron ore mining industry, reserves, historic and forecast production, iron ore consumption and ores and concentrates imports, prices, demand drivers, active, exploration and development projects, the major iron ore producing companies and the country's fiscal regime.

Companies Mentioned in this Report: China Minmetals Corporation, Anshan Iron and Steel Group Corporation, Hebei iron & Steel Co., Ltd, Hengshi Mining Investments Ltd, Laiyuan County Aowei Mining Investments Co., Ltd, Taiyuan Iron and Steel (Group) Co. Ltd

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