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...


Alice Li

Norman Fong

Shu Yi Zheng

January 09, 2024

14:10 GMT