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In 2017 China produced 831 million metric tons of crude steel Japan produced 104.7 tons the United States produced 116 tons India produced 101.4 tons and Russia produced 71.3 tons all far
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Jun 29 2020 · A souring relationship with Australia and iron ore supply shocks in Brazil may reignite China s ambitions to reduce its dependence on major overseas producers for the material critical to its
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May 07 2020 · Spot prices of iron ore with 62 iron content for delivery to China were unchanged from previous session at 84.5 per tonne on Wednesday. Stainless steel futures for
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In 2020 China produces about half of the world s steel and imports more than 70 of the world s seaborne iron ore. The country also produces around 90 of the world s rare earth metals.
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Over the past few challenging months iron ore has been the standout commodity returning to prices of 100/metric ton (delivered to China) in late May for the first time since August 2019.
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An official with an iron ore mining company in East China s Shandong province with its own dedicated pelletizing plant perfectly encapsulated the trend. "This year our pellet capacity will increase by around 3 million tonnes from last year to reach 21 million tonnes/year " he said.
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