China to see resurgence of low-grade iron ore: 2024 preview

Chinese steel mills have continued to adjust their iron ore consumption ratios and procurement strategies this past year due to pressured margins, with mills applying the most cost-effective blending ratios for their sintering or blast furnace needs while also maintaining low iron ore stocks.

This approach is likely to result in a resurgence of the low-grade iron ore market in 2024, industry sources have told Fastmarkets.
Shifting procurement patterns in Chinese market

Chinese steel...

Published

Alice Li

Norman Fong

Shu Yi Zheng

January 09, 2024

14:10 GMT

Singapore