Global Iron Ore Trade Remains Anchored to China’s Steel Industry
Australia and Brazil dominate supply while China anchors demand, with rising exports reshaping how iron ore flows through global markets.
Australia and Brazil dominate supply while China anchors demand, with rising exports reshaping how iron ore flows through global markets.
China’s crude steel output has stabilised near peak levels while India expands rapidly, reflecting a gradual rebalancing of global steel demand.
China dominates steel production, accounting for 53% of global output and nearly 1 in 5 dollars of steel exports in 2024.