Demand Increase vs. Price Rise: Overall Capacity Utilisation Rate of Iron Ore Mines in China Continued to Improve in September, Expected to Have Further Room for Growth in October
According to SMM estimates, the capacity utilisation rate of domestic mines in September 2024 was 56.0%, up 0.8% MoM. The total production of concentrates in September was 20.203 million mt, down 390,000 mt MoM, with a daily average output of 673,000 mt, up about 10,000 mt MoM. Last month, the capacity utilisation rate of mines in north China, north-east China, and east China increased simultaneously.