China's iron ore total cash costs have continued to fall and are estimated to have reached an average of $US61/dmt in 2016. Domestic production has also declined as high cost producers have exited the market over the past 2 years. Costs are likely to stabilise in 2017 and then gradually rise as higher fuel costs impact. The declining trend in domestic production is expected to continue as China's iron ore industry remains fragmented, low grade and high cost and will be replaced with lower cost imports from Australia and Brazil.
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This Iron Ore Supply Summary report details key producers, production levels, costs and margins for iron ore assets in this country. It also analyses industry trends and themes, giving insight into future cost direction.
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Country report | Nov 2016
China iron ore supply summary
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