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China’s Iron Ore Imports Expected to Peak in 2025 Despite Declining Steel Demand

News Energy & Renewables General Updates
Date: 8th Jan, 2025 Source: Ministry of Trade (Ticaret Bakanlığı) Country: Turkey Original Source

Brief

On 08/01/2025, the Ministry of Trade (Ticaret Bakanlığı) issued an update regarding China’s Iron Ore Imports Expected to Peak in 2025 Despite Declining Steel Demand. Analysts and traders predict a record-high iron ore import for China, driven by cheap stockpiling, despite a prolonged real estate crisis affecting steel demand. The report cites a Reuters market poll of seven analysts and two iron ore traders, forecasting an increase of 10-40 million metric tons to 1.27 billion metric tons in 2025.

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Ministry of Trade (Ticaret Bakanlığı)

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