According to Mining News Pro -China`s iron ore production has come down amid closure of mines. Due to imposed strict govt. regulation to control smog related problems China has started revoking a decent number of iron ore mines licenses in Oct`17. Miners are forced to upgrade the mining process to match the guidelines given by the China govt.

On yearly basis, crude iron ore production was 64.66 MnT in Aug`18. The production has declined by 44% compared to 115.49 MnT in Aug`17.

However, on monthly basis the production stood in line with July`18 production at 64.76 MnT.

Monthly average global iron ore fines prices up 5% M-o-M:

Average global iron ore fines (Fe 62%) prices in Aug`18 recorded at USD 68/MT, CFR China, up by 5% on monthly basis as against July`18 price at USD 65/MT, CFR China.

 

http://www.miningnewspro.com/en/News/264883/China: Crude Iron Ore Production Down 66% During Jan-Aug`18