Roughly 1.5 tonnes of iron ore are required to produce one tonne of steel. Photo: Shutterstock Roughly 1.5 tonnes of iron ore are required to produce one tonne of steel. Photo: Shutterstock
Roughly 1.5 tonnes of iron ore are required to produce one tonne of steel. Photo: Shutterstock
Trade

Explainer |
How iron ore is powering China’s infrastructure boom, and why securing new sources is so vitally important

  • China’s appetite for steel has surpassed 1 billion tonnes a year, but it is becoming increasingly expensive to source the key ingredient – iron ore – from abroad
  • Some say Chinese demand for iron ore will fall as the pandemic stimulus starts to wear off, but China is proactively looking for alternative sources

Topic |   Trade
Roughly 1.5 tonnes of iron ore are required to produce one tonne of steel. Photo: Shutterstock Roughly 1.5 tonnes of iron ore are required to produce one tonne of steel. Photo: Shutterstock
Roughly 1.5 tonnes of iron ore are required to produce one tonne of steel. Photo: Shutterstock
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