Chinese steelmakers opt for low-Fe iron ore despite increased hot metal output

Chinese hot metal production has been increasing since the end of the Lunar New Year holidays, strengthened by the expectation of stronger steel consumption in the coming months, particularly in the second quarter.

Despite an optimistic outlook for the second quarter, though, Chinese steelmakers are tentative about buying higher-grade iron ore to optimize blast furnace (BF) efficiency. Instead, they have repeatedly opted to...


Norman Fong

Zheng Shu Yi

March 07, 2023

11:47 GMT