Steel News

We strive to let you one step ahead of the market.

Global iron ore production expected to rebound in H2, keeping flat in 2022 y-o-y

23 Sep 2022 16:16 reported by Stanley Wang

A A A
In the first half of this year, global iron ore production totaled around 1.19 billion tons, decreasing by 2.7% compared with the same period a year ago. The decrease was mainly due to the Russia-Ukraine war, the Covid-19 epidemic, and bad weather.

However, global iron ore production was expected to rebound in the second half year because Brazil’s weather would improve in the fourth quarter and many new mining projects will be launched.

Besides, China planned to increase its iron ore production by 12.5% year on year to 78.3 million tons in the fourth quarter.

As a result, the global iron ore output this year was expected to keep flat compared with last year, reaching around 2.4 billion tons.

Back to Steel News

Related News

LME’s nickel price hikes on Dec 1

  • Raw material
  • 2 Dec 2022 16:42

Rio Tinto plans to invest in solar systems in Pilbara region to reduce carbon emission

  • Raw material
  • 2 Dec 2022 16:28

Rio Tinto aims to increase copper output to meet demand with energy transition

  • Raw material
  • 2 Dec 2022 16:27

Australian Atlas to put its McPhee Creek mine into operation in mid-2023

  • Raw material
  • 2 Dec 2022 16:26

Market participants still keep avoiding Russia’s material, while LME not to impose warranting restrictions

  • Raw material
  • 1 Dec 2022 16:31

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,056.00
  • 3,050.00
  • Aluminum
  • 2,430.00
  • 2,459.50
  • Copper
  • 8,216.00
  • 8,250.00
  • Nickel
  • 26,900.00
  • 26,900.00

Learn more

Coil Exchange Center

  • 2B Coil-Jan
  • 2,960
  • 2,820
  • NO1 Coil-Jan
  • 2,930
  • 2,790
  • 2B Coil-Jan
  • 2,960
  • 2,820
  • NO1 Coil-Jan
  • 2,930
  • 2,790

Learn more