MNI BRIEF: China Iron Ore Imports To Remain Positive In 2025
MNI (BEIJING) - China’s iron ore imports will maintain positive growth in 2025, with the property sector remaining a drag on demand but offset by manufacturing strength, Mysteel analysts said at a seminar on Wednesday.
China imported 1.24 billion metric tonnes in 2024, up 4.9% y/y, following 2023’s 6.6% y/y increase, official data showed. No significant reduction in iron ore consumption was expected from Chinese mills, while the nation’s domestic production remained far insufficient, the analysts added.
China’s domestic coal prices are likely to fall further from 2024 levels as supply outpaces demand, and government policies aim to stabilise, rather than stimulate, housing and infrastructure, local analysts recently told MNI. (See MNI: China Coal Prices To Fall Further In 2025 - Analysts)