In 2023, China imported approximately 1.2 billion metric tons of iron ore. This marked a record high in the period of consideration.

In 2023, an estimated 280 million metric tons of iron ore was extracted in China. China is the third-largest producer of iron ore in the world.

Iron ore prices are experiencing pressure due to speculation over China's potential steel production control, affecting market dynamics.

Imports of Iron Ores & Concentrate in China increased to 27448964 USD Thousand in February from 12431921 USD Thousand in December of 2023. This dataset includes a chart with historical data for China Imports of Iron Ores & Concentrate.

China Import Price: Iron Ore & Concentrate: Latin America: Mexico data was reported at 81.049 USD/Ton in Dec 2024. This records an increase from the previous number of 80.503 USD/Ton for Nov 2024. China Import Price: Iron Ore & Concentrate: Latin America: Mexico data is updated monthly, averaging 99.918 USD/Ton from Jan 2008 (Median) to Dec 2024, with 184 observations. The data reached an all-time high of 51,500.000 USD/Ton in Jun 2023 and a record low of 39.619 USD/Ton in Aug 2018. China Import Price: Iron Ore & Concentrate: Latin America: Mexico data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PG: Iron Ore and Concentrate Import and Export Price.

In December 2024, approximately 84.86 million metric tons of crude iron ore was extracted in China. Iron ore mining in China As the world's largest iron ore importing country since 2014, China's iron ore imports amount to over one billion metric tons every year to meet its demand. Cutbacks in 2014 were likely the result of decreasing iron ore prices around the world, which fell from a high of 168 U.S. dollars per dry metric ton in 2011 to a low of an estimated 55 U.S. dollars in 2015. Iron ore prices have gradually recovered to the levels of 2014, standing at 120.6 U.S. dollars per dry metric ton as of 2023. China's steel industry Despite iron ore mining cutbacks in China and fluctuating prices, the price of steel, which is made from iron ore, has remained stable. China has remained the world’s largest crude steel producer. Among the twenty leading steelmakers worldwide, eleven are from China. As the largest crude steel producer in the world, Baowu Steel Group is state-owned and is the largest steel company in China. In 2022, Baowu Steel Group generated a revenue of over 1.09 trillion yuan.

In early 2025, China saw a significant drop in iron ore production and imports, influenced by fluctuating raw material prices and supply disruptions.

The article discusses the increasing demand for iron ores and concentrates in China, projecting a continued upward consumption trend over the next decade. Market performance is forecasted to expand with a CAGR of +0.2% in volume terms and +0.4% in value terms from 2024 to 2035, reaching 1,281M tons and $140.9B respectively by the end of 2035.

China Import Price: Iron Ore & Concentrate: Asia: Mongolia data was reported at 66.652 USD/Ton in Nov 2024. This records an increase from the previous number of 66.433 USD/Ton for Oct 2024. China Import Price: Iron Ore & Concentrate: Asia: Mongolia data is updated monthly, averaging 64.361 USD/Ton from Jan 2008 (Median) to Nov 2024, with 201 observations. The data reached an all-time high of 173.124 USD/Ton in Oct 2008 and a record low of 27.927 USD/Ton in Mar 2016. China Import Price: Iron Ore & Concentrate: Asia: Mongolia data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PG: Iron Ore and Concentrate Import and Export Price.

Steel: Production: Iron Ore: YoY: Liaoning data was reported at -2.200 % in Jul 2020. This records a decrease from the previous number of 3.800 % for Jun 2020. Steel: Production: Iron Ore: YoY: Liaoning data is updated monthly, averaging 2.150 % from Feb 2010 (Median) to Jul 2020, with 108 observations. The data reached an all-time high of 33.900 % in Mar 2010 and a record low of -33.300 % in Sep 2016. Steel: Production: Iron Ore: YoY: Liaoning data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAD: Iron Ore Production: By Region.

China Iron Ore: Turnover: Value (by USD): CBMX: Delivering A (Int'l) data was reported at 23.434 USD mn in 07 Aug 2013. This records an increase from the previous number of 0.000 USD mn for 06 Aug 2013. China Iron Ore: Turnover: Value (by USD): CBMX: Delivering A (Int'l) data is updated daily, averaging 0.000 USD mn from May 2012 (Median) to 07 Aug 2013, with 305 observations. The data reached an all-time high of 68.400 USD mn in 18 Sep 2012 and a record low of 0.000 USD mn in 06 Aug 2013. China Iron Ore: Turnover: Value (by USD): CBMX: Delivering A (Int'l) data remains active status in CEIC and is reported by China Beijing International Mining Exchange. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAZ: Iron Ore: China Beijing International Mining Exchange: Turnover.

Forecast: Iron Ore Imports in China 2022 - 2026 Discover more data with ReportLinker!

Forecast: Iron Ore Production, Iron Content, in China 2022 - 2026 Discover more data with ReportLinker!

Imports of Iron Ore & Concentrates in China decreased to 12937967 USD Thousand in February from 14510997 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Imports of Iron Ore & Concentrates.

In 2023, Australia was China's largest supplier of iron ore by a significant margin, accounting for around 737 million metric tons of iron ore imports to China. Brazil was the second-largest source of Chinese iron ore imports that year. China's total iron ore imports amounted to a total of approximately 1.18 billion metric tons in 2023.

Forecast: Import of Agglomerated Iron Ore and Concentrate to China 2024 - 2028 Discover more data with ReportLinker!

Learn about the projected growth of the iron ores and concentrates market in China, driven by increasing demand. Market volume is expected to reach 1,281M tons by 2035.

Learn about the forecasted growth in demand for iron ores and concentrates in China over the next decade. Market performance is expected to increase steadily, with market volume reaching 1,281M tons and market value reaching $140.9B by 2035.

China Import Price: Iron Ore & Concentrate: Africa: Zimbabwe data was reported at 18,100.000 USD/Ton in Sep 2024. This records an increase from the previous number of 13,087.049 USD/Ton for Oct 2023. China Import Price: Iron Ore & Concentrate: Africa: Zimbabwe data is updated monthly, averaging 13,043.524 USD/Ton from May 2014 (Median) to Sep 2024, with 10 observations. The data reached an all-time high of 36,100.000 USD/Ton in Jun 2021 and a record low of 228.333 USD/Ton in Aug 2020. China Import Price: Iron Ore & Concentrate: Africa: Zimbabwe data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PG: Iron Ore and Concentrate Import and Export Price.

The Chinese iron ore and steel sectors face economic challenges with declining property investment and fluctuating prices, amid efforts by Beijing to stimulate growth.