19
May
12:11
China to boost iron production by 2025
China hopes to increase the output of domestic iron ore concentrate by 100 million tonnes/year from 2020 levels, relying on the "Cornerstone Plan" raised in the "14th Five-Year Plan" (2021-2025).
The target for production now stands at 370m t/y, Kallanish notes. The China Iron & Steel Association had previously set the planned increase at 50m t/y earlier in 2022, and then doubled the planned increase in the second-quarter. The inc…
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Very good overview of the weekly steel market.
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