China's Iron Ore Production Declines by 1.2% in Q1 2026
China's iron ore production decreased by 1.2% year-on-year in the first quarter of 2026, totaling 241.8 million tons, according to data from the National Bureau of Statistics. In March alone, production was 79.64 million tons, marking a 5.1% decline from the previous year. The first quarter saw fluctuating iron ore prices, with the lowest at $99 per ton in February and the highest at $111 per ton in March. Despite the production decline, China imported 314.8 million tons of iron ore during the same period, a 10.5% increase from the previous year. The average import price in March was $99.6 per ton, slightly down from the previous month. 
