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In 2013, China’s total iron ore consumption reached 1.086 billion tons, with imported ore accounting for 819 million tons, representing approximately 75% of total demand. Among the imports, more than 85% originated from the world’s three major producers—BHP Billiton and Rio Tinto of Australia, and Vale of Brazil. That year, the average import price of iron ore stood at USD 134 per ton, significantly higher than the USD 26.6 per ton in 2000. However, 2014 saw a sharp downturn in the iron ore market, with prices falling by 25% to an average of USD 100.42 per ton, and plummeting to USD 75.61 by December.

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Introduction

  • 章节

  • 发表日期：

    2025年

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  • Zhenyang Wang,
  • Lei Zhang,
  • Jianliang Zhang

摘要

In 2013, China’s total iron ore consumption reached 1.086 billion tons, with imported ore accounting for 819 million tons, representing approximately 75% of total demand. Among the imports, more than 85% originated from the world’s three major producers—BHP Billiton and Rio Tinto of Australia, and Vale of Brazil. That year, the average import price of iron ore stood at USD 134 per ton, significantly higher than the USD 26.6 per ton in 2000. However, 2014 saw a sharp downturn in the iron ore market, with prices falling by 25% to an average of USD 100.42 per ton, and plummeting to USD 75.61 by December.