Posted on 25 Oct 2021
Over January-September, China's run-of-mine (RoM) iron ore output still managed to grow 13.4% on year to 743.4 million tonnes, though the growth eased from the 14.2% on year for the first eight months mainly because of the ongoing power rationing the stringent safety scrutiny, according to the data released by the Metallurgical Mines' Association of China (MMAC) on October 21.
For September alone, the country's output grew 9.6% on year or up 0.9% on month to 84.7 million tonnes, among which 71.9 million tonnes or 84.9% were from the top seven mining bases including Hebei, Liaoning, Sichuan, Shanxi, Inner Mongolia, Xinjiang and Anhui, and the contribution to the total was 3.5 percentage points higher than a year ago, and their contribution over January-September was about 84.9% too, the MMAC data showed.
As for Hebei in North China, it safeguarded its top ranking with a faster pace of 30.6% on year to 312.66 million tonnes in the first nine months, and its September output, at 36.9 million tonnes, grew 8.5% on month or 36.7% on year, or accounting for 43.5% of the total, or up 6.8 percentage points on year, according to the association's data.
The other top mining bases, however, had posted either on-month or on-year declines with the varied impact of power rationing and safety scrutiny, though their accumulative output in the first three quarters still grew single or double digits, the data showed.
Liaoning in Northeast China, for example, saw its September raw iron ore output fall 12.6% on month or down 6.9% on year to 10.47 million tonnes, or about 12.4% of the total, but its total output over January-September still gained 8.9% on yea to 106.7 million tonnes.
China's RoM iron ore output by province until September (unit: million tonnes)
|
Province |
Sept |
Y-o-Y change (%) |
Jan-Sept |
Y-o-Y change (%) |
|
Nationwide |
84.69 |
9.6 |
743.37 |
13.4 |
|
Hebei |
36.87 |
36.7 |
312.66 |
30.6 |
|
Liaoning |
10.47 |
-6.9 |
106.7 |
8.9 |
|
Sichuan |
8.98 |
5.9 |
84.09 |
4.5 |
|
Shanxi |
4.09 |
-7.6 |
38.48 |
5.1 |
|
Inner Mongolia |
4.27 |
23.1 |
36.21 |
22.3 |
|
Xinjiang |
4.39 |
45.7 |
29.05 |
43.3 |
|
Anhui |
2.86 |
29.9 |
24.25 |
30.4 |
Higher margins and production saw fixed asset investment in the sector picked up in pace too, with the funding up 25.9% on year over January-September, 4.5 percentage points higher than that over the first eight months or having persisted in a positive zone against a 11.9% on-year declines a year ago, according to the data.
Source:Mysteel Global
